# PPP loan: PREFERRED HOTEL GROUP INC.
> **$2.00M** approved 01/23/2021 · Paid in Full · Loan `4728048308`
## Borrower
- **Name:** PREFERRED HOTEL GROUP INC.
- **Address:** 23 Corporate Plaza Dr Ste 190, Newport Beach, CA, 92660-7943
- **NAICS:** 541618
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.00M
- **Initial approval:** $2.00M
- **Forgiven:** $2.02M (101%)
- **Forgiveness date:** 04/08/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.00M
- **Jobs reported:** 149
## Lender
- **Originating:** Sunwest Bank
- **Servicing:** Sunwest Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*