# PPP loan: QPHARMA INC
> **$2.19M** approved 04/09/2020 · Paid in Full · Loan `9429307005`
## Borrower
- **Name:** QPHARMA INC
- **Address:** 22 South St. 0.0, Morristown, NJ, 07960-8611
- **NAICS:** 541690
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.19M
- **Initial approval:** $2.19M
- **Forgiven:** $2.21M (101%)
- **Forgiveness date:** 06/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.82M
- **Rent:** $145K
- **Utilities:** $758
- **Health care:** $222K
- **Jobs reported:** 105
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*