# PPP loan: SIMONDS, INC.
> **$201K** approved 04/04/2020 · Paid in Full · Loan `4768107006`
## Borrower
- **Name:** SIMONDS, INC.
- **Address:** 248 ELM ST, SOUTHBRIDGE, MA, 01550-2616
- **NAICS:** 333515
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $201K
- **Initial approval:** $201K
- **Forgiven:** $202K (101%)
- **Forgiveness date:** 03/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $201K
- **Jobs reported:** 18
## Lender
- **Originating:** Cornerstone Bank
- **Servicing:** Cornerstone Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*