# PPP loan: QUANTUM MARINE ENGINEERING OF FLORIDA INC
> **$928K** approved 04/13/2020 · Paid in Full · Loan `5025737109`
## Borrower
- **Name:** QUANTUM MARINE ENGINEERING OF FLORIDA INC
- **Address:** 3685 SW 30TH AVENUE, FORT LAUDERDALE, FL, 33312-6710
- **NAICS:** 441222
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $928K
- **Initial approval:** $928K
- **Forgiven:** $937K (101%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $828K
- **Rent:** $100K
- **Jobs reported:** 55
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*