# PPP loan: QUALITY TRAILER ENTERPRISES, INC
> **$358K** approved 04/30/2020 · Paid in Full · Loan `6272037309`
## Borrower
- **Name:** QUALITY TRAILER ENTERPRISES, INC
- **Address:** 702 B SILVER ST, LEXINGTON, NC, 27292-6192
- **NAICS:** 336212
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $358K
- **Initial approval:** $358K
- **Forgiven:** $361K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $330K
- **Rent:** $17K
- **Utilities:** $11K
- **Jobs reported:** 42
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*