# PPP loan: SMC INDUSTRIES, INC.
> **$515K** approved 05/07/2020 · Paid in Full · Loan `3270857409`
## Borrower
- **Name:** SMC INDUSTRIES, INC.
- **Address:** 3239 Phoenixville Pike Bld #1, MALVERN, PA, 19355
- **NAICS:** 326150
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $515K
- **Initial approval:** $515K
- **Forgiven:** $521K (101%)
- **Forgiveness date:** 06/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $515K
- **Jobs reported:** 48
## Lender
- **Originating:** KeyBank National Association
- **Servicing:** KeyBank National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*