The Magpies youngster had been a target for Iron boss Nigel Adkins, but he was unable to entice him to North Lincolnshire.
And now the 18-year-old has committed to joining the Lilywhites for the next five months.
"I was given a few clubs to choose from, but when I was looking at them, Preston seemed the right move," he declared.
"I got straight on the phone to (Preston boss) Paul Simpson and sorted it out. I just want to play some games and get some goals under my belt.
"I hope I get some goals down here so that I can show everyone I can do it."