# PPP loan: QUALITY AUTO EXCHANGE CORPORATION
> **$220K** approved 02/07/2021 · Charged Off · Loan `4926048407`
## Borrower
- **Name:** QUALITY AUTO EXCHANGE CORPORATION
- **Address:** 345 US Highway 22, Springfield, NJ, 07081-3511
- **NAICS:** 441120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $220K
- **Initial approval:** $220K
- **Status:** Charged Off
- **Term:** 39 months
## Use of funds
- **Payroll:** $220K
- **Utilities:** $1
- **Jobs reported:** 28
## Lender
- **Originating:** Columbia Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*