# PPP loan: QUADRUS CORPORATION
> **$504K** approved 04/28/2020 · Paid in Full · Loan `1799767309`
## Borrower
- **Name:** QUADRUS CORPORATION
- **Address:** 200 Clinton Ave W Ste 600, Huntsville, AL, 35801
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $504K
- **Initial approval:** $504K
- **Forgiven:** $509K (101%)
- **Forgiveness date:** 05/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $418K
- **Rent:** $27K
- **Utilities:** $6K
- **Health care:** $52K
- **Jobs reported:** 38
## Lender
- **Originating:** Bank Independent
- **Servicing:** Bank Independent (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*