# PPP loan: QUALITY ELECTRIC & DATA INC.
> **$151K** approved 01/16/2021 · Paid in Full · Loan `1201438307`
## Borrower
- **Name:** QUALITY ELECTRIC & DATA INC.
- **Address:** 85 Franklin Rd, Dover, NJ, 07801-5632
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $151K
- **Initial approval:** $151K
- **Forgiven:** $152K (101%)
- **Forgiveness date:** 09/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $151K
- **Utilities:** $1
- **Jobs reported:** 14
## Lender
- **Originating:** Newtek Small Business Finance, Inc.
- **Servicing:** Newtek Small Business Finance, Inc. (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*