# PPP loan: PREFERRED BUSINESS SERVICES INC
> **$592K** approved 04/05/2020 · Paid in Full · Loan `5157267003`
## Borrower
- **Name:** PREFERRED BUSINESS SERVICES INC
- **Address:** 1901 Ponce De Leon Blvd., CORAL GABLES, FL, 33134-4412
- **NAICS:** 561110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $592K
- **Initial approval:** $592K
- **Forgiven:** $597K (101%)
- **Forgiveness date:** 04/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $444K
- **Utilities:** $148K
- **Jobs reported:** 31
## Lender
- **Originating:** City National Bank of Florida
- **Servicing:** City National Bank of Florida (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*