# PPP loan: QUANTUM CONTROLS INC.
> **$596K** approved 03/24/2021 · Paid in Full · Loan `8324928608`
## Borrower
- **Name:** QUANTUM CONTROLS INC.
- **Address:** 601 N Bridge St Ste B, Elkton, MD, 21921-5453
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $596K
- **Initial approval:** $596K
- **Forgiven:** $600K (101%)
- **Forgiveness date:** 12/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $596K
- **Utilities:** $1
- **Jobs reported:** 51
## Lender
- **Originating:** First National Bank of Pennsylvania
- **Servicing:** First National Bank of Pennsylvania (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*