# PPP loan: QUALITY PLUS- DMC INC.
> **$494K** approved 03/12/2021 · Paid in Full · Loan `9751028510`
## Borrower
- **Name:** QUALITY PLUS- DMC INC.
- **Address:** 35572 Veronica St, Livonia, MI, 48150-1204
- **NAICS:** 562211
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $494K
- **Initial approval:** $494K
- **Forgiven:** $501K (101%)
- **Forgiveness date:** 08/10/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $494K
- **Utilities:** $1
- **Jobs reported:** 155
## Lender
- **Originating:** First Merchants Bank
- **Servicing:** First Merchants Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*