# PPP loan: PREFERRED BUSINESS SERVICES
> **$665K** approved 05/07/2021 · Exemption 4 · Loan `7247368901`
## Borrower
- **Name:** PREFERRED BUSINESS SERVICES
- **Address:** 1901 Ponce de Leon Blvd, Coral Gables, FL, 33134-4481
- **NAICS:** 561499
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $665K
- **Initial approval:** $665K
- **Forgiven:** $500K (75%)
- **Forgiveness date:** 08/29/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $665K
- **Utilities:** $1
- **Jobs reported:** 51
## Lender
- **Originating:** Seacoast National Bank
- **Servicing:** Seacoast National Bank (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*