# PPP loan: QTEC, INC.
> **$1.81M** approved 04/13/2020 · Paid in Full · Loan `5656797101`
## Borrower
- **Name:** QTEC, INC.
- **Address:** 4955 CORPORATE DR NW STE 300, HUNTSVILLE, AL, 35805-6201
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.81M
- **Initial approval:** $1.81M
- **Forgiven:** $1.83M (101%)
- **Forgiveness date:** 07/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.81M
- **Jobs reported:** 74
## Lender
- **Originating:** Synovus Bank
- **Servicing:** Synovus Bank (GA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*