# PPP loan: SMI EMPLOYEE STOCK OWNERSHIP PLAN & TRUST
> **$1.77M** approved 01/31/2021 · Paid in Full · Loan `9857768300`
## Borrower
- **Name:** SMI EMPLOYEE STOCK OWNERSHIP PLAN & TRUST
- **Address:** 5120 Wards Rd, Evington, VA, 24550-2224
- **NAICS:** 423110
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.77M
- **Initial approval:** $1.77M
- **Forgiven:** $1.78M (101%)
- **Forgiveness date:** 09/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.77M
- **Utilities:** $1
- **Jobs reported:** 155
## Lender
- **Originating:** The Farmers Bank of Appomattox
- **Servicing:** The Farmers Bank of Appomattox (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*