# PPP loan: QUALMAX SUPPLIES INC.
> **$239K** approved 05/01/2020 · Paid in Full · Loan `6983107705`
## Borrower
- **Name:** QUALMAX SUPPLIES INC.
- **Address:** 60 Grant Ave, Carteret, NJ, 07008
- **NAICS:** 423850
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $239K
- **Initial approval:** $392K
- **Forgiven:** $240K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $239K
- **Jobs reported:** 29
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*