# PPP loan: PREFERRED CAPITAL MANAGEMENT INC
> **$176K** approved 04/13/2020 · Paid in Full · Loan `5310197101`
## Borrower
- **Name:** PREFERRED CAPITAL MANAGEMENT INC
- **Address:** 1275 Highway 15 South, FAIRMONT, MN, 56031-4461
- **NAICS:** 541611
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $176K
- **Initial approval:** $176K
- **Forgiven:** $177K (101%)
- **Forgiveness date:** 12/08/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $176K
- **Jobs reported:** 26
## Lender
- **Originating:** Cherokee State Bank
- **Servicing:** Cherokee State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*