# PPP loan: QUALITEL CORPORATION
> **$2.40M** approved 04/13/2020 · Paid in Full · Loan `5419867105`
## Borrower
- **Name:** QUALITEL CORPORATION
- **Address:** 11831 Beverly Park Rd Bldg A, EVERETT, WA, 98204-3525
- **NAICS:** 335999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.40M
- **Initial approval:** $2.40M
- **Forgiven:** $2.42M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.80M
- **Mortgage interest:** $360K
- **Utilities:** $240K
- **Jobs reported:** 213
## Lender
- **Originating:** Banner Bank
- **Servicing:** Banner Bank (WA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*