# PPP loan: QUANTUM CONTROLS INC.
> **$289K** approved 05/22/2020 · Paid in Full · Loan `2156977804`
## Borrower
- **Name:** QUANTUM CONTROLS INC.
- **Address:** 1691 LAKE DR W, CHANHASSEN, MN, 55317-8583
- **NAICS:** 335999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $289K
- **Initial approval:** $289K
- **Forgiven:** $290K (100%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $263K
- **Health care:** $26K
- **Jobs reported:** 29
## Lender
- **Originating:** Security Bank & Trust Company
- **Servicing:** Security Bank & Trust Company (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*