# PPP loan: QUANTUM ASSURANCE AGENCY, INC.
> **$1.22M** approved 01/28/2021 · Paid in Full · Loan `7922788304`
## Borrower
- **Name:** QUANTUM ASSURANCE AGENCY, INC.
- **Address:** 513 Prince Edward St 513 Prince Edward St, Fredericksburg, VA, 22401
- **NAICS:** 524210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.22M
- **Initial approval:** $1.22M
- **Forgiven:** $1.24M (101%)
- **Forgiveness date:** 01/21/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.22M
- **Jobs reported:** 130
## Lender
- **Originating:** Atlantic Union Bank
- **Servicing:** Atlantic Union Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*