PPP Loan information for Summit automotive, inc.

$477,400

Summit automotive, inc. was initially approved for PPP Loan of amount $477,400, the current approved amount is $477,400. The loan was approved on 04/07/2020 by The Renasant Bank reported 46 jobs and $477,400 was used to fund payroll.

Summit automotive, inc. is Existing or more than 2 years old

PPP Loan Search / TN / JOHNSON CITY / Summit automotive, inc.

SUMMIT AUTOMOTIVE, INC.

Date Approved

04/07/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

SUMMIT AUTOMOTIVE, INC.

Borrower Address

3408 N. Roan St

Borrower City

JOHNSON CITY

Borrower State

TN

Borrower Zip

37601-1218

Loan Status Date

09/28/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

477400.00

Current Approval Amount

477400.00

Undisbursed Amount

0.00

Franchise Name

Hyundai Motor America - Dealer Sales and Service Agreement

Servicing Lender Location Id

40010

Servicing Lender Name

Renasant Bank

Servicing Lender Address

209 Troy St

Servicing Lender City

TUPELO

Servicing Lender State

MS

Servicing Lender Zip

38804-4827

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

JOHNSON CITY

Project County Name

WASHINGTON

Project State

TN

Project Zip

37601-1218

CD

TN-01

Jobs Reported

46

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

477400.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

40010

Originating Lender

Renasant Bank

Originating Lender City

TUPELO

Originating Lender State

MS

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

481975.08

Forgiveness Date

03/31/2021

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