# PPP loan: QUALITEK MANUFACTURING INC.
> **$435K** approved 01/22/2021 · Paid in Full · Loan `3376458303`
## Borrower
- **Name:** QUALITEK MANUFACTURING INC.
- **Address:** 4240 Grove Ave, Gurnee, IL, 60031-2124
- **NAICS:** 332999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $435K
- **Initial approval:** $435K
- **Forgiven:** $437K (100%)
- **Forgiveness date:** 07/07/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $435K
- **Utilities:** $1
- **Jobs reported:** 24
## Lender
- **Originating:** Johnson Bank
- **Servicing:** Johnson Bank (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*