# PPP loan: QUALITY MACHINE OF IOWA INC.
> **$518K** approved 01/22/2021 · Paid in Full · Loan `3696908306`
## Borrower
- **Name:** QUALITY MACHINE OF IOWA INC.
- **Address:** 1040 4th Ave, Audubon, IA, 50025-1480
- **NAICS:** 332992
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $518K
- **Initial approval:** $518K
- **Forgiven:** $521K (100%)
- **Forgiveness date:** 07/26/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $518K
- **Jobs reported:** 56
## Lender
- **Originating:** Lincoln Savings Bank
- **Servicing:** Lincoln Savings Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*