# PPP loan: SIMPLIPHI POWER, INC.
> **$599K** approved 05/01/2020 · Paid in Full · Loan `5866067702`
## Borrower
- **Name:** SIMPLIPHI POWER, INC.
- **Address:** 3100 Camino Del Sol, Oxnard, CA, 93030
- **NAICS:** 335911
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $599K
- **Initial approval:** $599K
- **Forgiven:** $604K (101%)
- **Forgiveness date:** 03/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $599K
- **Jobs reported:** 38
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*