SimIS, Inc.
SimIS, Inc. is located in Suffolk, VA, and the SBA lists its industry as All Other Professional, Scientific, and Technical Services. It was approved for an SBA 504 loan ($1,137,000 SBA portion) on November 11, 2023 to finance real estate or equipment.
- Business type
- Corporation
- Business age reported
- Existing or more than 2 years old
SBA 504 loans
| Approved | SBA portion | Bank portion | Project size | Lender | CDC | Term | Jobs supported | Status |
|---|---|---|---|---|---|---|---|---|
| Nov 11, 2023 | $1,137,000 | $1,387,500 | $2,805,000 (estimated) | Newtek Bank, National Association | 504 Capital Corporation | 25 years | 10 | Status not reported (SBA exemption) |
Estimated project size is (SBA portion + bank portion) divided by 0.9, since the owner typically contributes about 10 percent. It is not an SBA-published figure.
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