# PPP loan: PREFERRED PLACEMENT INC
> **$377K** approved 01/27/2021 · Paid in Full · Loan `7087798302`
## Borrower
- **Name:** PREFERRED PLACEMENT INC
- **Address:** 370 Lexington Ave Fl 27, New York, NY, 10017-6573
- **NAICS:** 561312
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $377K
- **Initial approval:** $377K
- **Forgiven:** $379K (101%)
- **Forgiveness date:** 11/10/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $377K
- **Utilities:** $1
- **Jobs reported:** 11
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*