# PPP loan: PREFERRED OFFICE PRODUCTS, INC.
> **$385K** approved 04/07/2020 · Paid in Full · Loan `6762387007`
## Borrower
- **Name:** PREFERRED OFFICE PRODUCTS, INC.
- **Address:** 319 South 9th Street, FORT SMITH, AR, 72901-3705
- **NAICS:** 424120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $385K
- **Initial approval:** $457K
- **Forgiven:** $387K (101%)
- **Forgiveness date:** 12/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $289K
- **Rent:** $32K
- **Mortgage interest:** $32K
- **Utilities:** $32K
- **Jobs reported:** 36
## Lender
- **Originating:** The First National Bank of Fort Smith
- **Servicing:** The First National Bank of Fort Smith (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*