# PPP loan: QUALITY TRANSFORMER & ELECTRONICS
> **$800K** approved 04/28/2020 · Paid in Full · Loan `6473567202`
## Borrower
- **Name:** QUALITY TRANSFORMER & ELECTRONICS
- **Address:** 963 Ames Ave., MILPITAS, CA, 95035-6326
- **NAICS:** 333613
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $800K
- **Initial approval:** $800K
- **Forgiven:** $804K (100%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $800K
- **Jobs reported:** 85
## Lender
- **Originating:** Fremont Bank
- **Servicing:** Fremont Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*