# PPP loan: SIMPSONS EGGS INC.
> **$602K** approved 04/10/2020 · Paid in Full · Loan `1550777110`
## Borrower
- **Name:** SIMPSONS EGGS INC.
- **Address:** 5015 E HIGHWAY 218, MONROE, NC, 28110-7060
- **NAICS:** 112310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $602K
- **Initial approval:** $602K
- **Forgiven:** $611K (101%)
- **Forgiveness date:** 10/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $602K
- **Jobs reported:** 65
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*