# PPP loan: QUANTUMXCHANGE INC
> **$275K** approved 01/30/2021 · Exemption 4 · Loan `8911448306`
## Borrower
- **Name:** QUANTUMXCHANGE INC
- **Address:** 7700 Old Georgetown Rd, Bethesda, MD, 20814-6100
- **NAICS:** 541519
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $275K
- **Initial approval:** $275K
- **Forgiven:** $220K (80%)
- **Forgiveness date:** 06/15/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $275K
- **Jobs reported:** 16
## Lender
- **Originating:** Silicon Valley Bridge Bank NA
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*