# PPP loan: SMPL INC.
> **$490K** approved 02/03/2021 · Exemption 4 · Loan `2620778401`
## Borrower
- **Name:** SMPL INC.
- **Address:** 902 E 5th St Ste 202, Austin, TX, 78702-3853
- **NAICS:** 511210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $490K
- **Initial approval:** $490K
- **Forgiven:** $382K (78%)
- **Forgiveness date:** 05/09/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $490K
- **Utilities:** $1
- **Jobs reported:** 14
## Lender
- **Originating:** Silicon Valley Bridge Bank NA
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*