Precision Assembly, INC

$715,300 PPP Loan in American Fork, Utah

Loan Details

Loan Number
1503677210
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$715,300
Current Approval
$715,300
Forgiveness Amount
$719,317
Forgiveness Date
Nov 19, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Precision Assembly, INC
Address
1442 South 500 East Suite 100
State
Utah
ZIP Code
84003-4273
Business Type
Corporation
Industry (NAICS)
Manufacturing (334418)
Business Age
Existing or more than 2 years old
Jobs Reported
86
Estimated Revenue
$22.5M
Rural/Urban
Urban
Congressional District
UT-03

Loan Use Breakdown

Payroll
$536,476
Rent
$89,412
Utilities
$89,412

Lender Information

Servicing Lender
Glacier Bank
Originating Lender
Altabank, a Division of

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