# PPP loan: QUALITY MACHINE TOOL SERVICES, INC.
> **$166K** approved 04/27/2020 · Paid in Full · Loan `4801427207`
## Borrower
- **Name:** QUALITY MACHINE TOOL SERVICES, INC.
- **Address:** 2385 Hammond Drive #12, Schaumburg, IL, 60173
- **NAICS:** 811310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $166K
- **Initial approval:** $166K
- **Forgiven:** $168K (101%)
- **Forgiveness date:** 06/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $166K
- **Jobs reported:** 12
## Lender
- **Originating:** Byline Bank
- **Servicing:** Byline Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*