# PPP loan: SIMIS, INC.
> **$1.06M** approved 04/10/2020 · Paid in Full · Loan `2190907101`
## Borrower
- **Name:** SIMIS, INC.
- **Address:** 1040 UNIVERSITY BLVD Suite 300, PORTSMOUTH, VA, 23703-2649
- **NAICS:** 541990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.06M
- **Initial approval:** $1.06M
- **Forgiven:** $1.07M (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.03M
- **Rent:** $29K
- **Jobs reported:** 73
## Lender
- **Originating:** Locus Bank Inc
- **Servicing:** Locus Bank Inc (VA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*