# PPP loan: QUALITY MOTORS OF INDEPENDENCE
> **$250K** approved 04/07/2020 · Paid in Full · Loan `6548687002`
## Borrower
- **Name:** QUALITY MOTORS OF INDEPENDENCE
- **Address:** 2022 W Main, Independence, KS, 67301
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $252K (101%)
- **Forgiveness date:** 01/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $250K
- **Jobs reported:** 34
## Lender
- **Originating:** Commercial Bank
- **Servicing:** Commercial Bank (KS)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*