# PPP loan: QUALITY TOOL & DIE INC.
> **$200K** approved 04/07/2020 · Paid in Full · Loan `7197837001`
## Borrower
- **Name:** QUALITY TOOL & DIE INC.
- **Address:** 21398 BLOOMING VALLEY RD, MEADVILLE, PA, 16335-5044
- **NAICS:** 326220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $200K
- **Initial approval:** $200K
- **Forgiven:** $202K (101%)
- **Forgiveness date:** 04/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $180K
- **Mortgage interest:** $5K
- **Utilities:** $5K
- **Health care:** $10K
- **Jobs reported:** 19
## Lender
- **Originating:** Mercer County State Bank
- **Servicing:** Mercer County State Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*