PPP Loan information for Summit contracting inc

$387,500

Summit contracting inc was initially approved for PPP Loan of amount $387,500, the current approved amount is $387,500. The loan was approved on 04/03/2020 by The American Bank & Trust reported 31 jobs and $387,500 was used to fund payroll.

Summit contracting inc is Existing or more than 2 years old

SUMMIT CONTRACTING INC

Date Approved

04/03/2020

SBA Office Code

0876

Processing Method

PPP

Borrower Name

SUMMIT CONTRACTING INC

Borrower Address

36581 SD HIGHWAY 44

Borrower City

PLATTE

Borrower State

SD

Borrower Zip

57369-6369

Loan Status Date

02/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

387500.00

Current Approval Amount

387500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

66723

Servicing Lender Name

American Bank & Trust

Servicing Lender Address

120 E Main St

Servicing Lender City

WESSINGTON SPRINGS

Servicing Lender State

SD

Servicing Lender Zip

57382

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

PLATTE

Project County Name

CHARLES MIX

Project State

SD

Project Zip

57369-6369

CD

SD-

Jobs Reported

31

NAICS Code

236210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

6090.00

Payroll Proceed

350831.00

Mortgage Interest Proceed

4693.00

Rent Proceed

13780.00

Refinance EIDL Proceed

0.00

Health Care Proceed

12106.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

66723

Originating Lender

American Bank & Trust

Originating Lender City

WESSINGTON SPRINGS

Originating Lender State

SD

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

390567.71

Forgiveness Date

01/20/2021

;