# PPP loan: QUALITY MAT COMPANY
> **$1.72M** approved 03/01/2021 · Paid in Full · Loan `5615758503`
## Borrower
- **Name:** QUALITY MAT COMPANY
- **Address:** 6550 Tram Rd, Beaumont, TX, 77713-8703
- **NAICS:** 332312
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.72M
- **Initial approval:** $1.72M
- **Forgiven:** $1.74M (101%)
- **Forgiveness date:** 12/28/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.72M
- **Utilities:** $1
- **Jobs reported:** 120
## Lender
- **Originating:** First Financial Bank
- **Servicing:** First Financial Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*