# PPP loan: QUALITY TOOLS & SERVICES INC.
> **$402K** approved 04/07/2020 · Paid in Full · Loan `7328827010`
## Borrower
- **Name:** QUALITY TOOLS & SERVICES INC.
- **Address:** 16051 LAMONTE DR, HAMMOND, LA, 70403-1405
- **NAICS:** 333514
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $402K
- **Initial approval:** $402K
- **Forgiven:** $406K (101%)
- **Forgiveness date:** 04/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $322K
- **Rent:** $27K
- **Utilities:** $34K
- **Health care:** $20K
- **Jobs reported:** 30
## Lender
- **Originating:** The First Bank
- **Servicing:** The First Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*