# PPP loan: QUALITY TOOLS AND SERVICES INC.
> **$402K** approved 03/23/2021 · Paid in Full · Loan `6902128608`
## Borrower
- **Name:** QUALITY TOOLS AND SERVICES INC.
- **Address:** 16051 Lamonte Dr, Hammond, LA, 70403-1405
- **NAICS:** 423840
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $402K
- **Initial approval:** $402K
- **Forgiven:** $406K (101%)
- **Forgiveness date:** 03/29/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $402K
- **Utilities:** $1
- **Jobs reported:** 23
## Lender
- **Originating:** The First Bank
- **Servicing:** The First Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*