# PPP loan: IQ CORPORATION
> **$393K** approved 05/01/2020 · Paid in Full · Loan `1401727701`
## Borrower
- **Name:** IQ CORPORATION
- **Address:** 3817 VALLEY BLVD, WALNUT, CA, 91789
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $393K
- **Initial approval:** $393K
- **Forgiven:** $397K (101%)
- **Forgiveness date:** 05/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $340K
- **Rent:** $19K
- **Mortgage interest:** $34K
- **Jobs reported:** 31
## 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*