# PPP loan: QUALTOOL, INC.
> **$187K** approved 04/09/2020 · Paid in Full · Loan `9560447007`
## Borrower
- **Name:** QUALTOOL, INC.
- **Address:** 28415 LAKE INDUSTRIAL BLVD, TAVARES, FL, 32778-9701
- **NAICS:** 332216
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $187K
- **Initial approval:** $187K
- **Forgiven:** $188K (101%)
- **Forgiveness date:** 02/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $187K
- **Jobs reported:** 33
## Lender
- **Originating:** United Southern Bank
- **Servicing:** United Southern Bank (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*