# PPP loan: QUALITEK MANUFACTURING, INC.
> **$435K** approved 04/08/2020 · Paid in Full · Loan `8345807000`
## Borrower
- **Name:** QUALITEK MANUFACTURING, INC.
- **Address:** 4240 GROVE AVE, GURNEE, IL, 60031-2124
- **NAICS:** 333514
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $435K
- **Initial approval:** $435K
- **Forgiven:** $438K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $326K
- **Rent:** $36K
- **Utilities:** $36K
- **Health care:** $36K
- **Jobs reported:** 24
## Lender
- **Originating:** Johnson Bank
- **Servicing:** Johnson Bank (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*