# PPP loan: QMS, INC.
> **$238K** approved 05/01/2020 · Paid in Full · Loan `1227647705`
## Borrower
- **Name:** QMS, INC.
- **Address:** 2437 Bay Area Blvd PMB 152, HOUSTON, TX, 77058
- **NAICS:** 541618
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $238K
- **Initial approval:** $238K
- **Forgiven:** $239K (101%)
- **Forgiveness date:** 12/18/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $183K
- **Rent:** $7K
- **Health care:** $36K
- **Debt interest:** $12K
- **Jobs reported:** 80
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*