# PPP loan: IQ CONTRACTING, LLC
> **$937K** approved 04/08/2020 · Paid in Full · Loan `8706107009`
## Borrower
- **Name:** IQ CONTRACTING, LLC
- **Address:** 632 PERSHING RD, RALEIGH, NC, 27608-2626
- **NAICS:** 238110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $937K
- **Initial approval:** $937K
- **Forgiven:** $945K (101%)
- **Forgiveness date:** 03/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $856K
- **Rent:** $24K
- **Utilities:** $3K
- **Health care:** $54K
- **Jobs reported:** 78
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*