# PPP loan: SIMCO ENGINEERING D.P.C.
> **$1.02M** approved 02/04/2021 · Paid in Full · Loan `2819368404`
## Borrower
- **Name:** SIMCO ENGINEERING D.P.C.
- **Address:** 214 W 39th St Rm 905A, New York, NY, 10018-5534
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.02M
- **Initial approval:** $1.02M
- **Forgiven:** $1.04M (101%)
- **Forgiveness date:** 06/15/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.02M
- **Utilities:** $1
- **Jobs reported:** 30
## Lender
- **Originating:** Northeast Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*