Precision Machine, Inc.

$513,000 PPP Loan in Algoma, Wisconsin

Loan Details

Loan Number
6835997004
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$513,000
Current Approval
$513,000
Forgiveness Amount
$515,864
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Precision Machine, Inc.
Address
1604 Mueller Street
City
Algoma
ZIP Code
54201-2114
Business Type
Corporation
Industry (NAICS)
Manufacturing (336413)
Business Age
Existing or more than 2 years old
Jobs Reported
47
Estimated Revenue
$12.3M
Rural/Urban
Rural
Congressional District
WI-08

Loan Use Breakdown

Payroll
$410,400
Rent
$61,560
Utilities
$41,040

Lender Information

Servicing Lender
Nicolet National Bank
Originating Lender
Nicolet National Bank

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