# PPP loan: QUALITY ENERGY SERVICES INC.
> **$4.45M** approved 04/05/2020 · Paid in Full · Loan `5452047010`
## Borrower
- **Name:** QUALITY ENERGY SERVICES INC.
- **Address:** 5342 HIGHWAY 311, HOUMA, LA, 70360-2880
- **NAICS:** 213112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.45M
- **Initial approval:** $4.45M
- **Forgiven:** $4.50M (101%)
- **Forgiveness date:** 06/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.80M
- **Rent:** $102K
- **Utilities:** $47K
- **Health care:** $500K
- **Jobs reported:** 208
## Lender
- **Originating:** b1BANK
- **Servicing:** b1BANK (LA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*