PPP Loan information for Precision technologies inc

$488,100

Precision technologies inc was initially approved for PPP Loan of amount $500,000, the current approved amount is $488,100. The loan was approved on 04/05/2020 by The Mechanics Cooperative Bank reported 41 jobs and $488,100 was used to fund payroll.

Precision technologies inc is Existing or more than 2 years old

PPP Loan Search / MA / TYNGSBORO / Precision technologies inc

PRECISION TECHNOLOGIES INC

Date Approved

04/05/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

PRECISION TECHNOLOGIES INC

Borrower Address

42 WESTECH DR

Borrower City

TYNGSBORO

Borrower State

MA

Borrower Zip

01879-2720

Loan Status Date

04/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

500000.00

Current Approval Amount

488100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

89240

Servicing Lender Name

Mechanics Cooperative Bank

Servicing Lender Address

308 Bay St

Servicing Lender City

TAUNTON

Servicing Lender State

MA

Servicing Lender Zip

02780-1834

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

TYNGSBORO

Project County Name

MIDDLESEX

Project State

MA

Project Zip

01879-2720

CD

MA-03

Jobs Reported

41

NAICS Code

332710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

10000.00

Payroll Proceed

468100.00

Mortgage Interest Proceed

10000.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

89240

Originating Lender

Mechanics Cooperative Bank

Originating Lender City

TAUNTON

Originating Lender State

MA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

492845.42

Forgiveness Date

03/31/2021

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