# PPP loan: SIMPSON OF MARYLAND INC
> **$1.11M** approved 02/19/2021 · Paid in Full · Loan `2076858505`
## Borrower
- **Name:** SIMPSON OF MARYLAND INC
- **Address:** 7476 Candlewood Rd 7476 Candlewood Road, Hanover, MD, 21076-3108
- **NAICS:** 238160
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.11M
- **Initial approval:** $1.11M
- **Forgiven:** $1.11M (101%)
- **Forgiveness date:** 10/20/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.11M
- **Utilities:** $1
- **Jobs reported:** 107
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*