# PPP loan: QUANTUM MERIT ENTERPRISES INC
> **$977K** approved 02/07/2021 · Paid in Full · Loan `5006698405`
## Borrower
- **Name:** QUANTUM MERIT ENTERPRISES INC
- **Address:** 1603 E Belt Line Rd Ste 101, Carrollton, TX, 75006-6328
- **NAICS:** 812112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $977K
- **Initial approval:** $977K
- **Forgiven:** $988K (101%)
- **Forgiveness date:** 03/15/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $977K
- **Utilities:** $1
- **Jobs reported:** 208
## Lender
- **Originating:** Kleberg Bank, National Association
- **Servicing:** Kleberg Bank, National Association (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*