# PPP loan: PREFERRED ENGINEERING
> **$870K** approved 03/20/2021 · Paid in Full · Loan `5745708606`
## Borrower
- **Name:** PREFERRED ENGINEERING
- **Address:** 1322 Space Park Dr Suite B 216, Houston, TX, 77058-3400
- **NAICS:** 541330
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $870K
- **Initial approval:** $870K
- **Forgiven:** $873K (100%)
- **Forgiveness date:** 07/28/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $870K
- **Jobs reported:** 37
## Lender
- **Originating:** Moody National Bank
- **Servicing:** Moody National Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*