# PPP loan: QUARRYSTONE, INC.
> **$254K** approved 04/14/2020 · Paid in Full · Loan `7198497106`
## Borrower
- **Name:** QUARRYSTONE, INC.
- **Address:** 6851 COUNTY 426 M.5 RD, ESCANABA, MI, 49829-9559
- **NAICS:** 238110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $254K
- **Initial approval:** $254K
- **Forgiven:** $256K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $203K
- **Rent:** $25K
- **Utilities:** $25K
- **Jobs reported:** 20
## Lender
- **Originating:** Upper Peninsula State Bank
- **Servicing:** Upper Peninsula State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*