# PPP loan: PREFERRED DIRECT MARKETING
> **$416K** approved 04/09/2020 · Paid in Full · Loan `1076197104`
## Borrower
- **Name:** PREFERRED DIRECT MARKETING
- **Address:** 4590 Village Avenue, NORFOLK, VA, 23502-2032
- **NAICS:** 541860
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $416K
- **Initial approval:** $416K
- **Forgiven:** $419K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $416K
- **Jobs reported:** 52
## Lender
- **Originating:** TowneBank
- **Servicing:** TowneBank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*