# PPP loan: QUALITY CONCRETE INC.
> **$770K** approved 04/03/2020 · Paid in Full · Loan `4555667006`
## Borrower
- **Name:** QUALITY CONCRETE INC.
- **Address:** 3908 37th ave s, FARGO, ND, 58104-7380
- **NAICS:** 238110
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $770K
- **Initial approval:** $770K
- **Forgiven:** $775K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $720K
- **Rent:** $30K
- **Utilities:** $20K
- **Jobs reported:** 49
## Lender
- **Originating:** Cornerstone Bank
- **Servicing:** Cornerstone Bank (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*