# PPP loan: SIMPLOMATIC MANUFACTURING CO
> **$219K** approved 04/14/2020 · Paid in Full · Loan `6367177101`
## Borrower
- **Name:** SIMPLOMATIC MANUFACTURING CO
- **Address:** 1616 BERKLEY ST, ELGIN, IL, 60123
- **NAICS:** 332119
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $219K
- **Initial approval:** $219K
- **Forgiven:** $220K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $219K
- **Jobs reported:** 16
## Lender
- **Originating:** Fifth Third Bank
- **Servicing:** Fifth Third Bank (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*