# PPP loan: QUORUM CONTROL GMBH
> **$158K** approved 04/28/2020 · Paid in Full · Loan `7960227207`
## Borrower
- **Name:** QUORUM CONTROL GMBH
- **Address:** 16 Blossom Drive, BASKING RIDGE, NJ, 07920
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $158K
- **Initial approval:** $158K
- **Forgiven:** $160K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $158K
- **Jobs reported:** 6
## Lender
- **Originating:** Signature Bank
- **Servicing:** Signature Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*