# PPP loan: QUALITY MACHINE PRODUCTS, INC.
> **$498K** approved 04/15/2020 · Paid in Full · Loan `9772207105`
## Borrower
- **Name:** QUALITY MACHINE PRODUCTS, INC.
- **Address:** 1404 Industrial Way, CALDWELL, ID, 83605
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $498K
- **Initial approval:** $498K
- **Forgiven:** $502K (101%)
- **Forgiveness date:** 03/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $373K
- **Mortgage interest:** $124K
- **Jobs reported:** 69
## Lender
- **Originating:** D. L. Evans Bank
- **Servicing:** D. L. Evans Bank (ID)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*