PPP Loan information for Precision associates inc.

$2,336,170

Precision associates inc. was initially approved for PPP Loan of amount $2,336,170, the current approved amount is $2,336,170. The loan was approved on 04/07/2020 by The CorTrust Bank National Association reported 201 jobs and $2,336,170 was used to fund payroll.

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

PPP Loan Search / MN / MINNEAPOLIS / Precision associates inc.

PRECISION ASSOCIATES INC.

Date Approved

04/07/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

PRECISION ASSOCIATES INC.

Borrower Address

3800 WASHINGTON AVE N

Borrower City

MINNEAPOLIS

Borrower State

MN

Borrower Zip

55412-2142

Loan Status Date

07/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2336170.00

Current Approval Amount

2336170.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

66414

Servicing Lender Name

CorTrust Bank National Association

Servicing Lender Address

100 E Havens Ave

Servicing Lender City

MITCHELL

Servicing Lender State

SD

Servicing Lender Zip

57301-4026

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

MINNEAPOLIS

Project County Name

HENNEPIN

Project State

MN

Project Zip

55412-2142

CD

MN-05

Jobs Reported

201

NAICS Code

339991

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

233617.00

Payroll Proceed

1868936.00

Mortgage Interest Proceed

0.00

Rent Proceed

233617.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

66414

Originating Lender

CorTrust Bank National Association

Originating Lender City

MITCHELL

Originating Lender State

SD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2363243.97

Forgiveness Date

06/11/2021

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