# PPP loan: SIMS PLASTICS INC.
> **$280K** approved 01/19/2021 · Paid in Full · Loan `1652228302`
## Borrower
- **Name:** SIMS PLASTICS INC.
- **Address:** 1101 W 42nd St, Odessa, TX, 79764-4009
- **NAICS:** 423390
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $280K
- **Initial approval:** $280K
- **Forgiven:** $281K (100%)
- **Forgiveness date:** 07/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $280K
- **Utilities:** $1
- **Jobs reported:** 20
## Lender
- **Originating:** SouthWest Bank
- **Servicing:** SouthWest Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*