# PPP loan: QUANTUM INTERNET SERVICES, INC.
> **$151K** approved 04/14/2020 · Paid in Full · Loan `7988917106`
## Borrower
- **Name:** QUANTUM INTERNET SERVICES, INC.
- **Address:** 2975b Manchester Road, Manchester, MD, 21102
- **NAICS:** 517311
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $151K
- **Initial approval:** $151K
- **Forgiven:** $152K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $125K
- **Rent:** $8K
- **Utilities:** $6K
- **Health care:** $12K
- **Jobs reported:** 15
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*