Precision Industrial Machine INC

$235,400 PPP Loan in Saraland, Alabama

Loan Details

Loan Number
2724247110
Date Approved
Apr 11, 2020
Loan Status
Paid in Full
Initial Approval
$235,400
Current Approval
$235,400
Forgiveness Amount
$238,833
Forgiveness Date
Oct 4, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Precision Industrial Machine INC
Address
914-G Highway 43 South
State
Alabama
ZIP Code
36571
Business Type
Corporation
Industry (NAICS)
Manufacturing (332710)
Business Age
Existing or more than 2 years old
Jobs Reported
16
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
AL-01

Loan Use Breakdown

Payroll
$235,400

Lender Information

Servicing Lender
First Horizon Bank
Originating Lender
Iberiabank, a Division of First Horizon Bank

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