Precision Medical Technologies, Inc.

$2,696,562 PPP Loan in Warsaw, Indiana

Loan Details

Loan Number
5751967004
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$2,696,562
Current Approval
$2,696,562
Forgiveness Amount
$2,727,947
Forgiveness Date
Jun 9, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Precision Medical Technologies, Inc.
Address
2059 N Pound Drive W
City
Warsaw
State
Indiana
ZIP Code
46582-6546
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (332999)
Business Age
Existing or more than 2 years old
Jobs Reported
205
Estimated Revenue
$50.1M
Rural/Urban
Rural
Congressional District
IN-02

Loan Use Breakdown

Payroll
$1,691,985
Rent
$195,000
Utilities
$154,142
Health Care
$330,435
Debt Interest
$325,000

Lender Information

Servicing Lender
Lake City Bank
Originating Lender
Lake City Bank

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