# PPP loan: QUALIPAC AMERICA CORPORATION
> **$292K** approved 05/15/2020 · Paid in Full · Loan `7020147403`
## Borrower
- **Name:** QUALIPAC AMERICA CORPORATION
- **Address:** One Garret Mountain Plaza, 5th Floor, LITTLE FALLS, NJ, 07424
- **NAICS:** 561910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $292K
- **Initial approval:** $292K
- **Forgiven:** $275K (94%)
- **Forgiveness date:** 03/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $230K
- **Health care:** $61K
- **Jobs reported:** 13
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*