PPP Loan information for Sumit construction, inc.

$1,546,366

Sumit construction, inc. was initially approved for PPP Loan of amount $1,546,366, the current approved amount is $1,546,366. The loan was approved on 04/15/2020 by The Inland Bank and Trust reported 72 jobs and $1,546,366 was used to fund payroll.

Sumit construction, inc. is Existing or more than 2 years old

PPP Loan Search / IL / Chicago / Sumit construction, inc.

SUMIT CONSTRUCTION, INC.

Date Approved

04/15/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

SUMIT CONSTRUCTION, INC.

Borrower Address

4150 W Wrightwood Ave

Borrower City

Chicago

Borrower State

IL

Borrower Zip

60639

Loan Status Date

03/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1546366.20

Current Approval Amount

1546366.20

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

22771

Servicing Lender Name

Inland Bank and Trust

Servicing Lender Address

2805 Butterfield Rd, 2nd Fl

Servicing Lender City

OAK BROOK

Servicing Lender State

IL

Servicing Lender Zip

60523-1168

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Chicago

Project County Name

COOK

Project State

IL

Project Zip

60639-0001

CD

IL-03

Jobs Reported

72

NAICS Code

237310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

4000.00

Payroll Proceed

1488066.20

Mortgage Interest Proceed

0.00

Rent Proceed

54300.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

22771

Originating Lender

Inland Bank and Trust

Originating Lender City

OAK BROOK

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1558908.95

Forgiveness Date

02/09/2021

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