# PPP loan: Q-PAC SYSTEMS, INC.
> **$275K** approved 04/07/2020 · Paid in Full · Loan `7181627003`
## Borrower
- **Name:** Q-PAC SYSTEMS, INC.
- **Address:** 4010 DEERPARK BLVD, ELKTON, FL, 32033-2060
- **NAICS:** 444130
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $275K
- **Initial approval:** $275K
- **Forgiven:** $244K (89%)
- **Forgiveness date:** 10/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $206K
- **Rent:** $34K
- **Utilities:** $34K
- **Jobs reported:** 29
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*