# PPP loan: QUADRATIC SYSTEMS INC.
> **$284K** approved 03/16/2021 · Paid in Full · Loan `2967788610`
## Borrower
- **Name:** QUADRATIC SYSTEMS INC.
- **Address:** 50 Wood Oaks Dr, South Barrington, IL, 60010-1092
- **NAICS:** 541618
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $284K
- **Initial approval:** $284K
- **Forgiven:** $287K (101%)
- **Forgiveness date:** 06/14/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $284K
- **Utilities:** $1
- **Jobs reported:** 14
## Lender
- **Originating:** Union National Bank
- **Servicing:** Union National Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*