# PPP loan: PREFERRED INSURANCE SERVICES
> **$431K** approved 04/15/2020 · Paid in Full · Loan `1996227201`
## Borrower
- **Name:** PREFERRED INSURANCE SERVICES
- **Address:** 4035 Ridge Top Road, Suite 150, FAIRFAX, VA, 22030
- **NAICS:** 524210
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $431K
- **Initial approval:** $431K
- **Forgiven:** $436K (101%)
- **Forgiveness date:** 05/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $383K
- **Rent:** $26K
- **Utilities:** $2K
- **Health care:** $20K
- **Jobs reported:** 30
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*