# PPP loan: PRESERVATION MANAGEMENT, INC.
> **$4.40M** approved 04/05/2020 · Paid in Full · Loan `5381477001`
## Borrower
- **Name:** PRESERVATION MANAGEMENT, INC.
- **Address:** 261 Gorham Road, SOUTH PORTLAND, ME, 04106-2408
- **NAICS:** 531311
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.40M
- **Initial approval:** $4.40M
- **Forgiven:** $3.20M (73%)
- **Forgiveness date:** 02/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.40M
- **Jobs reported:** 422
## Lender
- **Originating:** Bangor Savings Bank
- **Servicing:** Bangor Savings Bank (ME)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*