# PPP loan: QUALEX INC.
> **$242K** approved 05/27/2020 · Paid in Full · Loan `3861537801`
## Borrower
- **Name:** QUALEX INC.
- **Address:** 2638 Yates Ave, Commerce, CA, 90040-2622
- **NAICS:** 484110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $242K
- **Initial approval:** $242K
- **Forgiven:** $244K (101%)
- **Forgiveness date:** 04/01/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $242K
- **Jobs reported:** 25
## Lender
- **Originating:** Zions Bank, A Division of
- **Servicing:** Zions Bank, A Division of (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*