# PPP loan: PREFERRED SPRINKLER AND MECHANICAL CORP.
> **$920K** approved 05/01/2020 · Paid in Full · Loan `2950267702`
## Borrower
- **Name:** PREFERRED SPRINKLER AND MECHANICAL CORP.
- **Address:** 3129 Bailey Ave, Bronx, NY, 10463
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $920K
- **Initial approval:** $920K
- **Forgiven:** $927K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $766K
- **Rent:** $36K
- **Utilities:** $6K
- **Health care:** $113K
- **Jobs reported:** 63
## 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*