# PPP loan: PREFERRED PRECAST, INC.
> **$221K** approved 04/16/2020 · Paid in Full · Loan `2643007204`
## Borrower
- **Name:** PREFERRED PRECAST, INC.
- **Address:** 2 Titus Street, Cumberland, RI, 02864
- **NAICS:** 327390
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $221K
- **Initial approval:** $254K
- **Forgiven:** $222K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $221K
- **Jobs reported:** 22
## Lender
- **Originating:** Citizens Bank, National Association
- **Servicing:** Citizens Bank, National Association (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*