# PPP loan: SIMMONS EQUIPMENT COMPANY
> **$389K** approved 02/02/2021 · Paid in Full · Loan `1831098404`
## Borrower
- **Name:** SIMMONS EQUIPMENT COMPANY
- **Address:** 847 Steeles Ln, Tazewell, VA, 24651-5381
- **NAICS:** 333131
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $389K
- **Initial approval:** $389K
- **Forgiven:** $393K (101%)
- **Forgiveness date:** 04/12/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $389K
- **Utilities:** $1
- **Jobs reported:** 29
## Lender
- **Originating:** United Bank
- **Servicing:** United Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*