PPP Loan information for Precision optical group, inc

$401,000

Precision optical group, inc was initially approved for PPP Loan of amount $401,000, the current approved amount is $401,000. The loan was approved on 04/04/2020 by The The First National Bank in Creston reported 61 jobs and $401,000 was used to fund payroll.

Precision optical group, inc is Existing or more than 2 years old

PPP Loan Search / IA / CRESTON / Precision optical group, inc

PRECISION OPTICAL GROUP, INC

Date Approved

04/04/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

PRECISION OPTICAL GROUP, INC

Borrower Address

701 S Oak St

Borrower City

CRESTON

Borrower State

IA

Borrower Zip

50801-3650

Loan Status Date

03/04/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

401000.00

Current Approval Amount

401000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24817

Servicing Lender Name

The First National Bank in Creston

Servicing Lender Address

101 W Adams St

Servicing Lender City

CRESTON

Servicing Lender State

IA

Servicing Lender Zip

50801-3104

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CRESTON

Project County Name

UNION

Project State

IA

Project Zip

50801-3650

CD

IA-03

Jobs Reported

61

NAICS Code

333314

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

60100.00

Payroll Proceed

320800.00

Mortgage Interest Proceed

20100.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

24817

Originating Lender

The First National Bank in Creston

Originating Lender City

CRESTON

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

393704.42

Forgiveness Date

12/23/2020

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