# PPP loan: QUALITY OIL COMPANY
> **$434K** approved 06/23/2020 · Paid in Full · Loan `2005148006`
## Borrower
- **Name:** QUALITY OIL COMPANY
- **Address:** 203 West Broad Ave, ROCKINGHAM, NC, 28379-3529
- **NAICS:** 424720
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $434K
- **Initial approval:** $434K
- **Forgiven:** $439K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $434K
- **Jobs reported:** 38
## Lender
- **Originating:** Lumbee Guaranty Bank
- **Servicing:** Lumbee Guaranty Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*