# PPP loan: QUANTUM CREATION FX, INC.
> **$450K** approved 04/08/2020 · Exemption 4 · Loan `8569707004`
## Borrower
- **Name:** QUANTUM CREATION FX, INC.
- **Address:** 3210 West VALHALLA DR, BURBANK, CA, 91505-1236
- **NAICS:** 512110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $450K
- **Initial approval:** $450K
- **Forgiven:** $299K (67%)
- **Forgiveness date:** 07/06/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $338K
- **Rent:** $97K
- **Utilities:** $13K
- **Debt interest:** $4K
- **Jobs reported:** 10
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*