# PPP loan: QUANTUM ELECTRICAL CONTRACTORS INC
> **$237K** approved 04/13/2020 · Paid in Full · Loan `5562297103`
## Borrower
- **Name:** QUANTUM ELECTRICAL CONTRACTORS INC
- **Address:** 15 HARGROVE LN UNIT 3D, PALM COAST, FL, 32137-5163
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $237K
- **Initial approval:** $237K
- **Forgiven:** $240K (101%)
- **Forgiveness date:** 07/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $237K
- **Jobs reported:** 35
## Lender
- **Originating:** Intracoastal Bank
- **Servicing:** Intracoastal Bank (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*