# PPP loan: SIMPSON ENTERPRISES INC.
> **$594K** approved 04/08/2020 · Paid in Full · Loan `8485627007`
## Borrower
- **Name:** SIMPSON ENTERPRISES INC.
- **Address:** 715 N BROADWAY ST, FLORENCE, AL, 35630-2871
- **NAICS:** 811121
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $594K
- **Initial approval:** $594K
- **Forgiven:** $599K (101%)
- **Forgiveness date:** 03/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $445K
- **Health care:** $148K
- **Jobs reported:** 56
## Lender
- **Originating:** First Southern Bank
- **Servicing:** First Southern Bank (AL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*