# PPP loan: SIMONSON CONSTRUCTION SERVICES INC.
> **$1.11M** approved 04/06/2020 · Paid in Full · Loan `5990157005`
## Borrower
- **Name:** SIMONSON CONSTRUCTION SERVICES INC.
- **Address:** 2112 TROY RD, ASHLAND, OH, 44805-1396
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.11M
- **Initial approval:** $1.11M
- **Forgiven:** $1.11M (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $996K
- **Rent:** $10K
- **Utilities:** $28K
- **Health care:** $74K
- **Jobs reported:** 70
## Lender
- **Originating:** Sutton Bank
- **Servicing:** Sutton Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*