# PPP loan: QUALITY EQUIPMENT INC.
> **$284K** approved 02/16/2021 · Paid in Full · Loan `9105668400`
## Borrower
- **Name:** QUALITY EQUIPMENT INC.
- **Address:** 500 Carretera 872, Bayamon, PR, 00961
- **NAICS:** 532412
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $284K
- **Initial approval:** $284K
- **Forgiven:** $285K (101%)
- **Forgiveness date:** 08/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $284K
- **Utilities:** $1
- **Jobs reported:** 31
## Lender
- **Originating:** Banco Popular de Puerto Rico
- **Servicing:** Banco Popular de Puerto Rico (PR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*