# PPP loan: SIMPLEX INDUSTRIES, INC.
> **$763K** approved 04/27/2020 · Paid in Full · Loan `3875697205`
## Borrower
- **Name:** SIMPLEX INDUSTRIES, INC.
- **Address:** 1 simplex drive, SCRANTON, PA, 18504
- **NAICS:** 321991
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $763K
- **Initial approval:** $763K
- **Forgiven:** $768K (101%)
- **Forgiveness date:** 02/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $763K
- **Jobs reported:** 48
## Lender
- **Originating:** Peoples Security Bank and Trust Company
- **Servicing:** Peoples Security Bank and Trust Company (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*