# PPP loan: QUALITY STAMPING PRODUCTS COMPANY
> **$231K** approved 04/27/2020 · Paid in Full · Loan `3970087208`
## Borrower
- **Name:** QUALITY STAMPING PRODUCTS COMPANY
- **Address:** 5322 bragg road, CLEVELAND, OH, 44127-1263
- **NAICS:** 332119
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $231K
- **Initial approval:** $231K
- **Forgiven:** $233K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $211K
- **Mortgage interest:** $10K
- **Utilities:** $10K
- **Jobs reported:** 29
## Lender
- **Originating:** Independence Bank
- **Servicing:** Independence Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*