# PPP loan: THE PREFERRED PREPAID, INC.
> **$157K** approved 04/29/2020 · Paid in Full · Loan `2420527308`
## Borrower
- **Name:** THE PREFERRED PREPAID, INC.
- **Address:** 9233 RESEARCH DR SUITE 100, IRVINE, CA, 92618-4294
- **NAICS:** 517911
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $157K
- **Initial approval:** $157K
- **Forgiven:** $158K (101%)
- **Forgiveness date:** 04/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $113K
- **Rent:** $41K
- **Utilities:** $900
- **Health care:** $2K
- **Jobs reported:** 10
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*