# PPP loan: QUADRTECH CORPORATION
> **$1.19M** approved 06/03/2020 · Paid in Full · Loan `7185867808`
## Borrower
- **Name:** QUADRTECH CORPORATION
- **Address:** 521 W. Rosecrans Avenue, Gardena, CA, 90247
- **NAICS:** 339999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.19M
- **Initial approval:** $1.19M
- **Forgiven:** $1.21M (101%)
- **Forgiveness date:** 09/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $894K
- **Utilities:** $298K
- **Jobs reported:** 150
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*