# PPP loan: TEAM QUALITY SERVICES INC
> **$1.56M** approved 02/05/2021 · Paid in Full · Loan `3957208405`
## Borrower
- **Name:** TEAM QUALITY SERVICES INC
- **Address:** 108 S Jackson St, Auburn, IN, 46706-2270
- **NAICS:** 541614
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.56M
- **Initial approval:** $1.56M
- **Forgiven:** $1.57M (101%)
- **Forgiveness date:** 09/29/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.56M
- **Utilities:** $1
- **Jobs reported:** 110
## Lender
- **Originating:** 1st Source Bank
- **Servicing:** 1st Source Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*