# PPP loan: QUALANEX, LLC
> **$1.01M** approved 04/10/2020 · Paid in Full · Loan `1728417105`
## Borrower
- **Name:** QUALANEX, LLC
- **Address:** 1410 HARRIS RD, LIBERTYVILLE, IL, 60048-2435
- **NAICS:** 541990
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.01M
- **Initial approval:** $1.01M
- **Forgiven:** $1.03M (101%)
- **Forgiveness date:** 07/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $834K
- **Rent:** $75K
- **Utilities:** $5K
- **Health care:** $100K
- **Jobs reported:** 92
## Lender
- **Originating:** Busey Bank
- **Servicing:** Busey Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*