# PPP loan: PREFERRED MORTGAGE CORPORATION
> **$355K** approved 04/27/2020 · Paid in Full · Loan `4454887210`
## Borrower
- **Name:** PREFERRED MORTGAGE CORPORATION
- **Address:** AVE FD ROOSEVELT 307, SAN JUAN, PR, 00918-2305
- **NAICS:** 522292
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $355K
- **Initial approval:** $355K
- **Forgiven:** $344K (97%)
- **Forgiveness date:** 06/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $308K
- **Mortgage interest:** $38K
- **Utilities:** $9K
- **Jobs reported:** 52
## Lender
- **Originating:** Banesco USA
- **Servicing:** Banesco USA (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*