# PPP loan: QUILTS INC.
> **$343K** approved 02/24/2021 · Exemption 4 · Loan `3854978508`
## Borrower
- **Name:** QUILTS INC.
- **Address:** 7660 Woodway Dr Ste 550, Houston, TX, 77063-1528
- **NAICS:** 561920
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $343K
- **Initial approval:** $343K
- **Forgiven:** $342K (100%)
- **Forgiveness date:** 12/23/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $343K
- **Utilities:** $1
- **Jobs reported:** 25
## Lender
- **Originating:** Stellar Bank
- **Servicing:** Stellar Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*