# PPP loan: QUALITY FILTERS, INC.
> **$617K** approved 04/04/2020 · Paid in Full · Loan `5011287006`
## Borrower
- **Name:** QUALITY FILTERS, INC.
- **Address:** 23351 GRISSOM DR, ROBERTSDALE, AL, 36567-3180
- **NAICS:** 333413
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $617K
- **Initial approval:** $617K
- **Forgiven:** $622K (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $463K
- **Mortgage interest:** $77K
- **Utilities:** $77K
- **Jobs reported:** 96
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*