# PPP loan: SIMAR SANIBEL MANAGEMENT, INC.
> **$357K** approved 04/07/2020 · Paid in Full · Loan `6785727005`
## Borrower
- **Name:** SIMAR SANIBEL MANAGEMENT, INC.
- **Address:** 711 TARPON BAY RD, SANIBEL, FL, 33957-3113
- **NAICS:** 531311
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $357K
- **Initial approval:** $357K
- **Forgiven:** $361K (101%)
- **Forgiveness date:** 06/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $285K
- **Utilities:** $71K
- **Jobs reported:** 42
## Lender
- **Originating:** Sanibel Captiva Community Bank
- **Servicing:** Sanibel Captiva Community Bank (FL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*