PPP Loan information for Precision measurements inc.

$858,000

Precision measurements inc. was initially approved for PPP Loan of amount $858,000, the current approved amount is $858,000. The loan was approved on 03/12/2021 by The TowneBank reported 60 jobs and $858,000 was used to fund payroll.

Precision measurements inc. is Existing or more than 2 years old

PPP Loan Search / VA / Virginia Beach / Precision measurements inc.

PRECISION MEASUREMENTS INC.

Date Approved

03/12/2021

SBA Office Code

0304

Processing Method

PPS

Borrower Name

PRECISION MEASUREMENTS INC.

Borrower Address

629 Phoenix Dr Ste 100

Borrower City

Virginia Beach

Borrower State

VA

Borrower Zip

23452-7392

Loan Status Date

08/05/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

858000.00

Current Approval Amount

858000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

123548

Servicing Lender Name

TowneBank

Servicing Lender Address

5716 High St West

Servicing Lender City

PORTSMOUTH

Servicing Lender State

VA

Servicing Lender Zip

23703-4502

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Virginia Beach

Project County Name

VIRGINIA BEACH CITY

Project State

VA

Project Zip

23452-7392

CD

VA-02

Jobs Reported

60

NAICS Code

541370

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

857997.00

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

123548

Originating Lender

TowneBank

Originating Lender City

PORTSMOUTH

Originating Lender State

VA

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

860860.00

Forgiveness Date

07/14/2021

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