# PPP loan: SIMPLEX LEASING INC.
> **$858K** approved 03/05/2021 · Paid in Full · Loan `7355558504`
## Borrower
- **Name:** SIMPLEX LEASING INC.
- **Address:** 20812 E 550th St, Colona, IL, 61241-8603
- **NAICS:** 484121
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $858K
- **Initial approval:** $858K
- **Forgiven:** $865K (101%)
- **Forgiveness date:** 12/21/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $858K
- **Utilities:** $1
- **Jobs reported:** 51
## Lender
- **Originating:** Northwest Bank & Trust Company
- **Servicing:** Northwest Bank & Trust Company (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*