# PPP loan: QUALTOOL INC
> **$187K** approved 01/23/2021 · Paid in Full · Loan `4138428304`
## Borrower
- **Name:** QUALTOOL INC
- **Address:** 28415 Lake Industrial Blvd, Tavares, FL, 32778-9742
- **NAICS:** 332216
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $187K
- **Initial approval:** $187K
- **Forgiven:** $189K (101%)
- **Forgiveness date:** 05/16/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $187K
- **Utilities:** $1
- **Jobs reported:** 25
## Lender
- **Originating:** United Southern Bank
- **Servicing:** United Southern Bank (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*