# PPP loan: QUIKCUT, INC.
> **$500K** approved 04/04/2020 · Paid in Full · Loan `4730197005`
## Borrower
- **Name:** QUIKCUT, INC.
- **Address:** 4630 Allen Martin Drive, FORT WAYNE, IN, 46806-2800
- **NAICS:** 332999
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $500K
- **Initial approval:** $500K
- **Forgiven:** $503K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $400K
- **Rent:** $90K
- **Utilities:** $10K
- **Jobs reported:** 48
## Lender
- **Originating:** Lake City Bank
- **Servicing:** Lake City Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*