# PPP loan: QUALITY AUTOMOTIVE SERVICES, INC.
> **$999K** approved 04/08/2020 · Paid in Full · Loan `8573407000`
## Borrower
- **Name:** QUALITY AUTOMOTIVE SERVICES, INC.
- **Address:** 8000 TOWER POINT DR, CHARLOTTE, NC, 28227-7726
- **NAICS:** 811191
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $999K
- **Initial approval:** $999K
- **Forgiven:** $1.01M (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $800K
- **Rent:** $73K
- **Mortgage interest:** $100K
- **Utilities:** $25K
- **Health care:** $500
- **Jobs reported:** 185
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*