# PPP loan: QUALITY INTERNATIONAL PACKAGING, LTD.
> **$458K** approved 04/15/2020 · Paid in Full · Loan `8254387108`
## Borrower
- **Name:** QUALITY INTERNATIONAL PACKAGING, LTD.
- **Address:** 20 Sand Park Road, Cedar Grove, NJ, 07009
- **NAICS:** 424130
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $458K
- **Initial approval:** $458K
- **Forgiven:** $464K (101%)
- **Forgiveness date:** 08/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $440K
- **Rent:** $8K
- **Health care:** $10K
- **Jobs reported:** 59
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*