# PPP loan: PREFERRED PLASTICS, INC.
> **$1.49M** approved 04/14/2020 · Paid in Full · Loan `6834827106`
## Borrower
- **Name:** PREFERRED PLASTICS, INC.
- **Address:** 800 E BRIDGE ST, PLAINWELL, MI, 49080-1800
- **NAICS:** 326199
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.49M
- **Initial approval:** $1.49M
- **Forgiven:** $1.50M (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.49M
- **Jobs reported:** 97
## Lender
- **Originating:** First National Bank of Michigan
- **Servicing:** First National Bank of Michigan (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*