PPP Loan information for Precision watches inc.

$175,480

Precision watches inc. was initially approved for PPP Loan of amount $175,480, the current approved amount is $175,480. The loan was approved on 04/27/2020 by The Penn Community Bank reported 20 jobs and $175,480 was used to fund payroll.

Precision watches inc. is New Business or 2 years or less

PPP Loan Search / PA / WILLOW GROVE / Precision watches inc.

PRECISION WATCHES INC.

Date Approved

04/27/2020

SBA Office Code

0303

Processing Method

PPP

Borrower Name

PRECISION WATCHES INC.

Borrower Address

2500 W. Moreland Rd Unit 1101

Borrower City

WILLOW GROVE

Borrower State

PA

Borrower Zip

19090-4006

Loan Status Date

01/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

175480.00

Current Approval Amount

175480.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

87093

Servicing Lender Name

Penn Community Bank

Servicing Lender Address

3969 Durham Rd

Servicing Lender City

DOYLESTOWN

Servicing Lender State

PA

Servicing Lender Zip

18902-1326

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

WILLOW GROVE

Project County Name

MONTGOMERY

Project State

PA

Project Zip

19090-4006

CD

PA-04

Jobs Reported

20

NAICS Code

448310

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

175480.00

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

87093

Originating Lender

Penn Community Bank

Originating Lender City

DOYLESTOWN

Originating Lender State

PA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

176562.13

Forgiveness Date

12/15/2020

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