# PPP loan: QUAD CITY ENGINEERING CO, INC.
> **$157K** approved 04/10/2020 · Paid in Full · Loan `2259237100`
## Borrower
- **Name:** QUAD CITY ENGINEERING CO, INC.
- **Address:** 3650 MORTON DR, EAST MOLINE, IL, 61244-1918
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $157K
- **Initial approval:** $157K
- **Forgiven:** $159K (101%)
- **Forgiveness date:** 04/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $150K
- **Utilities:** $8K
- **Jobs reported:** 11
## Lender
- **Originating:** TBK Bank, SSB
- **Servicing:** TBK Bank, SSB (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*