# PPP loan: QUANZ MOTOR CAR CO., INC
> **$1.16M** approved 04/27/2020 · Paid in Full · Loan `4036097206`
## Borrower
- **Name:** QUANZ MOTOR CAR CO., INC
- **Address:** 9111 EAGLE RANCH RD NW, ALBUQUERQUE, NM, 87120-5335
- **NAICS:** 811111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.16M
- **Initial approval:** $1.16M
- **Forgiven:** $1.18M (101%)
- **Forgiveness date:** 07/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $931K
- **Rent:** $233K
- **Jobs reported:** 101
## Lender
- **Originating:** Main Bank
- **Servicing:** Main Bank (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*