PPP Loan information for Preferred business systems inc

$415,800

Preferred business systems inc was initially approved for PPP Loan of amount $415,800, the current approved amount is $415,800. The loan was approved on 04/15/2020 by The PNC Bank, National Association reported 33 jobs and $415,800 was used to fund payroll.

Preferred business systems inc is Existing or more than 2 years old

PPP Loan Search / NJ / WHIPPANY / Preferred business systems inc

PREFERRED BUSINESS SYSTEMS INC

Date Approved

04/15/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

PREFERRED BUSINESS SYSTEMS INC

Borrower Address

20 LESLIE CT

Borrower City

WHIPPANY

Borrower State

NJ

Borrower Zip

07981-1656

Loan Status Date

12/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

415800.00

Current Approval Amount

415800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

44449

Servicing Lender Name

PNC Bank, National Association

Servicing Lender Address

222 Delaware Ave

Servicing Lender City

WILMINGTON

Servicing Lender State

DE

Servicing Lender Zip

19801-1621

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WHIPPANY

Project County Name

MORRIS

Project State

NJ

Project Zip

07981-1656

CD

NJ-11

Jobs Reported

33

NAICS Code

453210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

415800.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

44449

Originating Lender

PNC Bank, National Association

Originating Lender City

WILMINGTON

Originating Lender State

DE

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

416044.10

Forgiveness Date

10/06/2021

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