Precision Gear Industries LLC

$2,622,545 PPP Loan in College Point, New York

Loan Details

Loan Number
4331317105
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$2,622,545
Current Approval
$2,622,545
Forgiveness Amount
$2,652,601
Forgiveness Date
Jun 9, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Precision Gear Industries LLC
Address
112-07 14th Ave 0.0
ZIP Code
11356-1407
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Manufacturing (332710)
Business Age
Existing or more than 2 years old
Jobs Reported
162
Estimated Revenue
$39.6M
Rural/Urban
Urban
Congressional District
NY-14

Loan Use Breakdown

Payroll
$2,098,036
Rent
$234,503
Utilities
$79,494
Health Care
$136,050
Debt Interest
$74,462

Lender Information

Servicing Lender
Jpmorgan Chase Bank, National Association
Originating Lender
Jpmorgan Chase Bank, National Association

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