# PPP loan: QUANTUM DESIGN, INC.
> **$1.37M** approved 04/07/2020 · Paid in Full · Loan `7641397008`
## Borrower
- **Name:** QUANTUM DESIGN, INC.
- **Address:** 7550 Quantum Court, CALEDONIA, IL, 61011
- **NAICS:** 335313
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.37M
- **Initial approval:** $1.37M
- **Forgiven:** $1.38M (101%)
- **Forgiveness date:** 12/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.37M
- **Utilities:** $906
- **Jobs reported:** 77
## Lender
- **Originating:** Midland States Bank
- **Servicing:** Midland States Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*