# PPP loan: PREFERRED HOTELS GROUP, INC.
> **$3.84M** approved 04/10/2020 · Paid in Full · Loan `2581237109`
## Borrower
- **Name:** PREFERRED HOTELS GROUP, INC.
- **Address:** 23 Corporate Plaza Dr Suite 190, NEWPORT BEACH, CA, 92660-7904
- **NAICS:** 561599
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.84M
- **Initial approval:** $3.84M
- **Forgiven:** $3.88M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.84M
- **Jobs reported:** 310
## Lender
- **Originating:** Sunwest Bank
- **Servicing:** Sunwest Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*