# PPP loan: SIMCOE WOOD PRODUCTS INC
> **$510K** approved 01/23/2021 · Paid in Full · Loan `4661778309`
## Borrower
- **Name:** SIMCOE WOOD PRODUCTS INC
- **Address:** 3730 AL Highway 69 N, Cullman, AL, 35058-0782
- **NAICS:** 321920
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $510K
- **Initial approval:** $510K
- **Forgiven:** $513K (101%)
- **Forgiveness date:** 08/03/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $510K
- **Utilities:** $1
- **Jobs reported:** 64
## Lender
- **Originating:** Merchants Bank of Alabama, A Division of SouthPoint Bank
- **Servicing:** SouthPoint Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*