# PPP loan: SIMCOX GRINDING & STEEL CO
> **$245K** approved 03/12/2021 · Paid in Full · Loan `9134368501`
## Borrower
- **Name:** SIMCOX GRINDING & STEEL CO
- **Address:** 825 Tallmadge Rd, Kent, OH, 44240-6463
- **NAICS:** 333517
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $245K
- **Initial approval:** $245K
- **Forgiven:** $247K (101%)
- **Forgiveness date:** 10/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $245K
- **Utilities:** $1
- **Jobs reported:** 25
## 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*