# PPP loan: GENCO OF SIMPSONVILLE, INC.
> **$258K** approved 04/08/2020 · Paid in Full · Loan `8771457005`
## Borrower
- **Name:** GENCO OF SIMPSONVILLE, INC.
- **Address:** 1217 NE MAIN ST, SIMPSONVILLE, SC, 29681-6019
- **NAICS:** 238990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $258K
- **Initial approval:** $258K
- **Forgiven:** $260K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $248K
- **Rent:** $8K
- **Utilities:** $2K
- **Jobs reported:** 23
## Lender
- **Originating:** First Bank
- **Servicing:** First Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*