# PPP loan: QUANTGENE INC.
> **$580K** approved 05/01/2020 · Paid in Full · Loan `2229547708`
## Borrower
- **Name:** QUANTGENE INC.
- **Address:** 2940 NEBRASKA AVE, SANTA MONICA, CA, 90404
- **NAICS:** 541711
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $580K
- **Initial approval:** $580K
- **Forgiven:** $588K (101%)
- **Forgiveness date:** 10/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $494K
- **Rent:** $39K
- **Utilities:** $5K
- **Health care:** $43K
- **Jobs reported:** 420
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*