# PPP loan: QUALITY RENTAL TOOLS, INC.
> **$288K** approved 04/09/2020 · Paid in Full · Loan `9874707005`
## Borrower
- **Name:** QUALITY RENTAL TOOLS, INC.
- **Address:** 875 BLIMP RD, HOUMA, LA, 70363-5429
- **NAICS:** 213112
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $288K
- **Initial approval:** $288K
- **Forgiven:** $290K (101%)
- **Forgiveness date:** 02/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $217K
- **Rent:** $27K
- **Utilities:** $6K
- **Health care:** $19K
- **Debt interest:** $19K
- **Jobs reported:** 19
## Lender
- **Originating:** Synergy Bank
- **Servicing:** Synergy Bank (LA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*