Precision Coatings, Inc.

$663,000 PPP Loan in Walled Lake, Michigan

Loan Details

Loan Number
1389167303
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$663,000
Current Approval
$663,000
Forgiveness Amount
$668,138
Forgiveness Date
Feb 4, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Precision Coatings, Inc.
Address
8120 Goldie St
ZIP Code
48390-4107
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (332812)
Business Age
Existing or more than 2 years old
Jobs Reported
44
Estimated Revenue
$10.8M
Rural/Urban
Urban
Congressional District
MI-11

Loan Use Breakdown

Payroll
$530,409
Mortgage Interest
$132,591

Lender Information

Servicing Lender
Comerica Bank
Originating Lender
Comerica Bank

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