# PPP loan: QMERIT INC
> **$692K** approved 04/15/2020 · Paid in Full · Loan `9284217109`
## Borrower
- **Name:** QMERIT INC
- **Address:** 111 PACIFICA STE 200, IRVINE, CA, 92618-7425
- **NAICS:** 334614
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $692K
- **Initial approval:** $692K
- **Forgiven:** $697K (101%)
- **Forgiveness date:** 12/22/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $692K
- **Jobs reported:** 31
## Lender
- **Originating:** Farmers & Merchants Bank of Long Beach
- **Servicing:** Farmers & Merchants Bank of Long Beach (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*