# PPP loan: QUALITY ENERGY LLC
> **$151K** approved 05/23/2020 · Charged Off · Loan `2492327807`
## Borrower
- **Name:** QUALITY ENERGY LLC
- **Address:** 1587 East 2nd Street, Scotch Plains, NJ, 07076-1627
- **NAICS:** 812990
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $151K
- **Initial approval:** $151K
- **Status:** Charged Off
- **Term:** 6 months
## Use of funds
- **Payroll:** $114K
- **Rent:** $19K
- **Utilities:** $19K
- **Jobs reported:** 7
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*