PPP Loan information for Precision products inc

$701,000

Precision products inc was initially approved for PPP Loan of amount $701,000, the current approved amount is $701,000. The loan was approved on 04/14/2020 by The Regions Bank reported 51 jobs and $701,000 was used to fund payroll.

Precision products inc is Existing or more than 2 years old

PRECISION PRODUCTS INC

Date Approved

04/14/2020

SBA Office Code

0405

Processing Method

PPP

Borrower Name

PRECISION PRODUCTS INC

Borrower Address

2908 N Dug Gap Rd SW

Borrower City

Dalton

Borrower State

GA

Borrower Zip

30720-4947

Loan Status Date

01/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

701000.00

Current Approval Amount

701000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

2408

Servicing Lender Name

Regions Bank

Servicing Lender Address

1900 Fifth Avenue North

Servicing Lender City

BIRMINGHAM

Servicing Lender State

AL

Servicing Lender Zip

35203

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Dalton

Project County Name

WHITFIELD

Project State

GA

Project Zip

30720-4947

CD

GA-14

Jobs Reported

51

NAICS Code

333249

Race

American Indian or Alaska Native

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

701000.00

Mortgage Interest Proceed

0.00

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

2408

Originating Lender

Regions Bank

Originating Lender City

BIRMINGHAM

Originating Lender State

AL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

705398.05

Forgiveness Date

12/09/2020

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