# PPP loan: QSM HEALTH SYSTEMS, INC.
> **$976K** approved 04/07/2020 · Paid in Full · Loan `6516977001`
## Borrower
- **Name:** QSM HEALTH SYSTEMS, INC.
- **Address:** 3800 S OCEAN DR SUITE 209, HOLLYWOOD, FL, 33019-2900
- **NAICS:** 561110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $976K
- **Initial approval:** $1.13M
- **Forgiven:** $982K (101%)
- **Forgiveness date:** 12/28/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $732K
- **Utilities:** $244K
- **Jobs reported:** 58
## Lender
- **Originating:** City National Bank of Florida
- **Servicing:** City National Bank of Florida (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*