# PPP loan: SIMCO LOGISTICS INC
> **$6.49M** approved 04/14/2020 · Paid in Full · Loan `7942217102`
## Borrower
- **Name:** SIMCO LOGISTICS INC
- **Address:** 101 COMMERCE DR, MOORESTOWN, NJ, 08057-4212
- **NAICS:** 424430
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $6.49M
- **Initial approval:** $6.49M
- **Forgiven:** $6.57M (101%)
- **Forgiveness date:** 06/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $6.49M
- **Jobs reported:** 470
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*