# PPP loan: SHEAR QUALITY, INC.
> **$373K** approved 04/16/2020 · Paid in Full · Loan `2757017205`
## Borrower
- **Name:** SHEAR QUALITY, INC.
- **Address:** 10040 E HAPPY VALLEY RD UNIT 290, SCOTTSDALE, AZ, 85255
- **NAICS:** 812111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $373K
- **Initial approval:** $373K
- **Forgiven:** $378K (101%)
- **Forgiveness date:** 07/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $311K
- **Rent:** $43K
- **Utilities:** $8K
- **Health care:** $11K
- **Jobs reported:** 33
## 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*