# PPP loan: SOMAX ENVIRONMENTAL, INC.
> **$201K** approved 04/13/2020 · Paid in Full · Loan `5401797110`
## Borrower
- **Name:** SOMAX ENVIRONMENTAL, INC.
- **Address:** 501 S. MAIN ST, SPRING CITY, PA, 19475-2020
- **NAICS:** 562991
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $201K
- **Initial approval:** $201K
- **Forgiven:** $203K (101%)
- **Forgiveness date:** 02/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $191K
- **Utilities:** $10K
- **Jobs reported:** 14
## Lender
- **Originating:** Meridian Bank
- **Servicing:** Meridian Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*