# PPP loan: SIMPSON ALLOY SERVICES, INC.
> **$177K** approved 04/13/2020 · Exemption 4 · Loan `4401307109`
## Borrower
- **Name:** SIMPSON ALLOY SERVICES, INC.
- **Address:** 7017 HIGHWAY 111 SE, ELIZABETH, IN, 47117-8447
- **NAICS:** 332999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $177K
- **Initial approval:** $177K
- **Forgiven:** $141K (79%)
- **Forgiveness date:** 03/03/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $177K
- **Jobs reported:** 13
## Lender
- **Originating:** WesBanco Bank, Inc.
- **Servicing:** WesBanco Bank, Inc. (WV)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*