# PPP loan: QUAM CONSTRUCTION CO. INC.
> **$942K** approved 01/19/2021 · Paid in Full · Loan `1618798305`
## Borrower
- **Name:** QUAM CONSTRUCTION CO. INC.
- **Address:** 5021 Vernon Ave S # 163, Edina, MN, 55436-2102
- **NAICS:** 221320
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $942K
- **Initial approval:** $942K
- **Forgiven:** $949K (101%)
- **Forgiveness date:** 11/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $942K
- **Utilities:** $1
- **Jobs reported:** 56
## Lender
- **Originating:** Heritage Bank, National Association
- **Servicing:** Heritage Bank, National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*