# PPP loan: QFC INDUSTRIES INC
> **$300K** approved 04/09/2020 · Paid in Full · Loan `9867587008`
## Borrower
- **Name:** QFC INDUSTRIES INC
- **Address:** 3201 E ARKANSAS LANE STE 111, ARLINGTON, TX, 76010-7002
- **NAICS:** 423710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $300K
- **Initial approval:** $300K
- **Forgiven:** $302K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $240K
- **Rent:** $30K
- **Utilities:** $30K
- **Jobs reported:** 25
## Lender
- **Originating:** Veritex Community Bank
- **Servicing:** Veritex Community Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*