# PPP loan: SIMPLEMACHINES INC.
> **$456K** approved 02/10/2021 · Charged Off · Loan `6067308402`
## Borrower
- **Name:** SIMPLEMACHINES INC.
- **Address:** 455 Science Dr Ste 250, Madison, WI, 53711-1077
- **NAICS:** 334413
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $456K
- **Initial approval:** $456K
- **Forgiven:** $277K (61%)
- **Forgiveness date:** 06/15/2021
- **Status:** Charged Off
- **Term:** 54 months
## Use of funds
- **Payroll:** $456K
- **Utilities:** $1
- **Jobs reported:** 17
## Lender
- **Originating:** Silicon Valley Bridge Bank NA
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*