# PPP loan: QUALITY EQUIPMENTS INC
> **$270K** approved 04/08/2020 · Paid in Full · Loan `8105437008`
## Borrower
- **Name:** QUALITY EQUIPMENTS INC
- **Address:** 872 Carr Km .8 Rio Plantation, BAYAMON, PR, 00961
- **NAICS:** 532412
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $270K
- **Initial approval:** $270K
- **Forgiven:** $272K (101%)
- **Forgiveness date:** 11/19/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $236K
- **Rent:** $27K
- **Utilities:** $8K
- **Jobs reported:** 28
## Lender
- **Originating:** Banco Popular de Puerto Rico
- **Servicing:** Banco Popular de Puerto Rico (PR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*