# PPP loan: SIMS PATRICK STUDIO, INC.
> **$263K** approved 02/23/2021 · Exemption 4 · Loan `3180418507`
## Borrower
- **Name:** SIMS PATRICK STUDIO, INC.
- **Address:** 267 W Wieuca Rd NE Ste 104, Atlanta, GA, 30342-3365
- **NAICS:** 541410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $263K
- **Initial approval:** $263K
- **Forgiven:** $228K (87%)
- **Forgiveness date:** 09/12/2022
- **Status:** Exemption 4
- **Term:** 80 months
## Use of funds
- **Payroll:** $263K
- **Utilities:** $1
- **Jobs reported:** 10
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*