# PPP loan: SIMPSON OF MARYLAND INC
> **$1.09M** approved 05/12/2020 · Paid in Full · Loan `5258087410`
## Borrower
- **Name:** SIMPSON OF MARYLAND INC
- **Address:** 7476 CANDLEWOOD RD, HANOVER, MD, 21076-3108
- **NAICS:** 238160
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.09M
- **Initial approval:** $1.09M
- **Forgiven:** $1.10M (101%)
- **Forgiveness date:** 04/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.09M
- **Jobs reported:** 88
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*