# PPP loan: PREFERRED PROPERTIES INC
> **$150K** approved 07/31/2020 · Paid in Full · Loan `1959528205`
## Borrower
- **Name:** PREFERRED PROPERTIES INC
- **Address:** 5555 AIRPORT HWY SUITE 145, TOLEDO, OH, 43615-7317
- **NAICS:** 925110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Forgiven:** $151K (101%)
- **Forgiveness date:** 03/10/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $90K
- **Mortgage interest:** $30K
- **Utilities:** $30K
- **Jobs reported:** 11
## Lender
- **Originating:** The Croghan Colonial Bank
- **Servicing:** The Croghan Colonial Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*