# PPP loan: QUALITY ELECTRIC STEEL CASTINGS INC
> **$1.08M** approved 01/22/2021 · Paid in Full · Loan `4107328306`
## Borrower
- **Name:** QUALITY ELECTRIC STEEL CASTINGS INC
- **Address:** 252 McCarty St, Houston, TX, 77029-1138
- **NAICS:** 331513
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.08M
- **Initial approval:** $1.08M
- **Forgiven:** $1.10M (102%)
- **Forgiveness date:** 05/10/2023
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.08M
- **Utilities:** $1
- **Jobs reported:** 82
## 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*