# PPP loan: PRESTON MANAGEMENT GROUP INC.
> **$532K** approved 04/10/2020 · Paid in Full · Loan `1508797101`
## Borrower
- **Name:** PRESTON MANAGEMENT GROUP INC.
- **Address:** 218 S Main St, Preston, MD, 21655
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $532K
- **Initial approval:** $532K
- **Forgiven:** $538K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $399K
- **Rent:** $66K
- **Utilities:** $66K
- **Jobs reported:** 36
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*