# PPP loan: PRECISION COMPONENTS, INC.
> **$513K** approved 04/09/2020 · Paid in Full · Loan `9983067002`
## Borrower
- **Name:** PRECISION COMPONENTS, INC.
- **Address:** 1820 S 35TH AVE, PHOENIX, AZ, 85009-6707
- **NAICS:** 488210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $513K
- **Initial approval:** $513K
- **Forgiven:** $515K (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $450K
- **Mortgage interest:** $50K
- **Utilities:** $13K
- **Jobs reported:** 50
## Lender
- **Originating:** Western Alliance Bank
- **Servicing:** Western Alliance Bank (AZ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*