# PPP loan: PRECISE SPECIALTIES CORP
> **$379K** approved 04/07/2020 · Paid in Full · Loan `7431957001`
## Borrower
- **Name:** PRECISE SPECIALTIES CORP
- **Address:** 514 S MAIN ST, HILLSBORO, IL, 62049-1436
- **NAICS:** 423450
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $379K
- **Initial approval:** $379K
- **Forgiven:** $385K (102%)
- **Forgiveness date:** 12/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $379K
- **Jobs reported:** 35
## Lender
- **Originating:** First Community Bank of Hillsboro
- **Servicing:** First Community Bank of Hillsboro (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*