# PPP loan: QUALITY ADVANTAGE HOME PRODUCTS INC.
> **$320K** approved 04/14/2020 · Paid in Full · Loan `7238117103`
## Borrower
- **Name:** QUALITY ADVANTAGE HOME PRODUCTS INC.
- **Address:** 610 N. ARMISTEAD AVE, HAMPTON, VA, 23669-3047
- **NAICS:** 238990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $320K
- **Initial approval:** $320K
- **Forgiven:** $323K (101%)
- **Forgiveness date:** 03/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $307K
- **Rent:** $12K
- **Utilities:** $2K
- **Jobs reported:** 24
## Lender
- **Originating:** The Old Point National Bank of Phoebus
- **Servicing:** The Old Point National Bank of Phoebus (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*