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Simms Electronics, Inc.

Grand Rapids, MI 49512

The loans, in SBA’s record

$37,900
Approved
The amount of every loan as it now stands, added together.
1
Loan
1 first draw.
$38,348
Forgiven
The forgiveness amounts SBA records, as of September 30, 2024. Forgiveness and the amount approved are on different bases and do not compare.

How this compares

Amount approved: $37,900
By the amount SBA approved, ranks 3,160,152nd of 10,688,106 borrowers nationally, 92,664th of 272,197 in Michigan and 7,561st of 17,653 in the project’s county, Kent, MI. Larger than 70% of the 10,688,106 borrowers in SBA’s published loans, by amount approved. The project’s county is the one SBA printed on the borrower’s first loan, which need not be where the borrower is.

Each loan

5 more columns on a wider screen

Paycheck Protection Program loans to Simms Electronics, Inc., as SBA recorded them
Approved onAmountStatus
April 28, 2020$37,900Paid in Full

Forgiveness and the amount approved are on different bases and do not compare. “Operating in” is where SBA records the business as operating, which is not always the mailing address above. Browse every PPP loan by state and lender.

Sources

Data retrieved

Simms Electronics, Inc.: $37.9 thousand in PPP loans (2020)