# PPP loan: QUADRANT TOOL AND MANUFACTURING COMPANY
> **$407K** approved 01/21/2021 · Paid in Full · Loan `2707228305`
## Borrower
- **Name:** QUADRANT TOOL AND MANUFACTURING COMPANY
- **Address:** 1720 W Irving Park Rd, Schaumburg, IL, 60193-5477
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $407K
- **Initial approval:** $407K
- **Forgiven:** $411K (101%)
- **Forgiveness date:** 02/09/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $407K
- **Jobs reported:** 22
## Lender
- **Originating:** Schaumburg Bank & Trust Company, National Association
- **Servicing:** Schaumburg Bank & Trust Company, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*