# PPP loan: PEERLESS MATERIALS COMPANY
> **$324K** approved 04/13/2021 · Paid in Full · Loan `2796408802`
## Borrower
- **Name:** PEERLESS MATERIALS COMPANY
- **Address:** 4442 E 26th St, Vernon, CA, 90058-4318
- **NAICS:** 339999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $324K
- **Initial approval:** $324K
- **Forgiven:** $327K (101%)
- **Forgiveness date:** 04/25/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $324K
- **Utilities:** $1
- **Jobs reported:** 36
## Lender
- **Originating:** Preferred Bank
- **Servicing:** Preferred Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*