# PPP loan: QUALIGEN, INC.
> **$449K** approved 04/28/2020 · Paid in Full · Loan `8921797205`
## Borrower
- **Name:** QUALIGEN, INC.
- **Address:** 2042 Corte Del Nogal STE B, CARLSBAD, CA, 92011-1438
- **NAICS:** 325413
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $449K
- **Initial approval:** $449K
- **Forgiven:** $452K (101%)
- **Forgiveness date:** 12/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $375K
- **Rent:** $61K
- **Utilities:** $14K
- **Jobs reported:** 30
## Lender
- **Originating:** Axos Bank
- **Servicing:** Axos Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*