# PPP loan: PREFERRED POWER SOLUTIONS INC.
> **$437K** approved 03/13/2021 · Paid in Full · Loan `2029328605`
## Borrower
- **Name:** PREFERRED POWER SOLUTIONS INC.
- **Address:** 1400 Easton Dr Ste 116, Bakersfield, CA, 93309-9403
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $437K
- **Initial approval:** $437K
- **Forgiven:** $441K (101%)
- **Forgiveness date:** 02/09/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $437K
- **Jobs reported:** 19
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*