# PPP loan: QMADIX INC.
> **$312K** approved 04/14/2020 · Paid in Full · Loan `7619077108`
## Borrower
- **Name:** QMADIX INC.
- **Address:** 14350 Arminta St, PANORAMA CITY, CA, 91402-6869
- **NAICS:** 423690
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $312K
- **Initial approval:** $312K
- **Forgiven:** $314K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $265K
- **Utilities:** $47K
- **Jobs reported:** 15
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*