# PPP loan: QUALITY TIRE & SERVICE, LLC
> **$281K** approved 04/07/2020 · Paid in Full · Loan `7168367003`
## Borrower
- **Name:** QUALITY TIRE & SERVICE, LLC
- **Address:** 545 WATSON RD, MUNFORD, TN, 38058-4635
- **NAICS:** 811111
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $281K
- **Initial approval:** $281K
- **Forgiven:** $283K (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $250K
- **Mortgage interest:** $16K
- **Utilities:** $16K
- **Jobs reported:** 23
## Lender
- **Originating:** INSOUTH Bank
- **Servicing:** INSOUTH Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*