# PPP loan: SIMCOX GRINDING & STEEL CO.
> **$226K** approved 04/08/2020 · Paid in Full · Loan `8546697000`
## Borrower
- **Name:** SIMCOX GRINDING & STEEL CO.
- **Address:** 825 Tallmadge Road, KENT, OH, 44240-6463
- **NAICS:** 333517
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $226K
- **Initial approval:** $226K
- **Forgiven:** $228K (101%)
- **Forgiveness date:** 04/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $226K
- **Jobs reported:** 24
## Lender
- **Originating:** Hometown Bank
- **Servicing:** Hometown Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*