# PPP loan: SIMPEO LLC
> **$202K** approved 04/06/2020 · Paid in Full · Loan `5853157009`
## Borrower
- **Name:** SIMPEO LLC
- **Address:** 402 OFFICE PARK DR Suite 201, MOUNTAIN BRK, AL, 35223-2412
- **NAICS:** 561330
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $202K
- **Initial approval:** $202K
- **Forgiven:** $205K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $152K
- **Rent:** $10K
- **Mortgage interest:** $10K
- **Utilities:** $10K
- **Health care:** $10K
- **Debt interest:** $10K
- **Jobs reported:** 8
## Lender
- **Originating:** Oakworth Capital Bank
- **Servicing:** Oakworth Capital Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*