# PPP loan: QUANTUM TECHNOLOGY RESOURCE GROUP INC
> **$177K** approved 04/28/2020 · Paid in Full · Loan `9032837209`
## Borrower
- **Name:** QUANTUM TECHNOLOGY RESOURCE GROUP INC
- **Address:** 27 Lalique Drive, Montville, NJ, 07045
- **NAICS:** 561312
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $177K
- **Initial approval:** $177K
- **Forgiven:** $178K (101%)
- **Forgiveness date:** 12/30/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $161K
- **Rent:** $10K
- **Health care:** $6K
- **Jobs reported:** 11
## Lender
- **Originating:** American Express National Bank
- **Servicing:** American Express National Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*