Simplimatic Automation, LLC

$1,590,930 PPP Loan in Forest, Virginia

Loan Details

Loan Number
5967627006
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$1,590,930
Current Approval
$1,590,930
Forgiveness Amount
$1,599,857
Forgiveness Date
Nov 5, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Simplimatic Automation, LLC
Address
1046 W London Park Drive
City
Forest
ZIP Code
24551-2164
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Manufacturing (333922)
Business Age
Existing or more than 2 years old
Jobs Reported
107
Estimated Revenue
$28.0M
Rural/Urban
Rural
Congressional District
VA-05

Loan Use Breakdown

Payroll
$1,325,775
Rent
$40,793
Utilities
$40,793
Health Care
$132,577
Mortgage Interest
$50,992

Lender Information

Servicing Lender
United Bank
Originating Lender
United Bank

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