# PPP loan: QUANTUM DESIGN INC.
> **$1.08M** approved 03/18/2021 · Paid in Full · Loan `4606738610`
## Borrower
- **Name:** QUANTUM DESIGN INC.
- **Address:** 7550 Quantum Ct, Machesney Park, IL, 61011-7500
- **NAICS:** 335999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.08M
- **Initial approval:** $1.08M
- **Forgiven:** $1.09M (100%)
- **Forgiveness date:** 08/04/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.08M
- **Utilities:** $1
- **Jobs reported:** 81
## Lender
- **Originating:** Midland States Bank
- **Servicing:** Midland States Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*