# PPP loan: QUALITY FLOW SYSTEMS INC
> **$397K** approved 04/08/2020 · Paid in Full · Loan `8314907003`
## Borrower
- **Name:** QUALITY FLOW SYSTEMS INC
- **Address:** 800 6TH ST NW, NEW PRAGUE, MN, 56071-1148
- **NAICS:** 424990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $397K
- **Initial approval:** $397K
- **Forgiven:** $401K (101%)
- **Forgiveness date:** 02/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $317K
- **Rent:** $19K
- **Utilities:** $41K
- **Health care:** $21K
- **Jobs reported:** 32
## Lender
- **Originating:** Merchants Bank, National Association
- **Servicing:** Merchants Bank, National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*