# PPP loan: SIMPSON & MCCRADY LLC
> **$545K** approved 04/11/2020 · Paid in Full · Loan `2706227100`
## Borrower
- **Name:** SIMPSON & MCCRADY LLC
- **Address:** 330 GRANT ST, SANFORD, NC, 27330-3462
- **NAICS:** 524210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $545K
- **Initial approval:** $545K
- **Forgiven:** $552K (101%)
- **Forgiveness date:** 07/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $545K
- **Jobs reported:** 35
## Lender
- **Originating:** Newtek Small Business Finance, Inc.
- **Servicing:** Newtek Small Business Finance, Inc. (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*