# PPP loan: PREFERRED SOURCES INC
> **$233K** approved 04/11/2020 · Paid in Full · Loan `3474487102`
## Borrower
- **Name:** PREFERRED SOURCES INC
- **Address:** 930 CULP RD, PINEVILLE, NC, 28134-9470
- **NAICS:** 423720
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $233K
- **Initial approval:** $233K
- **Forgiven:** $235K (101%)
- **Forgiveness date:** 05/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $233K
- **Jobs reported:** 16
## Lender
- **Originating:** United Community Bank
- **Servicing:** United Community Bank (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*