# PPP loan: SIMPLICITY FINANCIAL MARKETING HOLDINGS INC.
> **$5.06M** approved 04/15/2020 · Paid in Full · Loan `8701957105`
## Borrower
- **Name:** SIMPLICITY FINANCIAL MARKETING HOLDINGS INC.
- **Address:** 86 Summit Avenue Suite 303, Summit, NJ, 07901
- **NAICS:** 524210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.06M
- **Initial approval:** $5.06M
- **Forgiven:** $4.52M (89%)
- **Forgiveness date:** 01/05/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.81M
- **Health care:** $253K
- **Jobs reported:** 256
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*