# PPP loan: QT ULTRASOUND LABS INC.
> **$1.16M** approved 02/22/2021 · Exemption 4 · Loan `3018958507`
## Borrower
- **Name:** QT ULTRASOUND LABS INC.
- **Address:** 3 Hamilton Dr Ste 160, Novato, CA, 94949-8257
- **NAICS:** 334510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.16M
- **Initial approval:** $1.16M
- **Forgiven:** $937K (81%)
- **Forgiveness date:** 11/16/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.16M
- **Utilities:** $1
- **Jobs reported:** 49
## Lender
- **Originating:** U.S. Bank, National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*