PPP Loan information for Summit design & engineering

$5,406,500

Summit design & engineering was initially approved for PPP Loan of amount $5,406,500, the current approved amount is $5,406,500. The loan was approved on 04/03/2020 by The The Fidelity Bank reported 373 jobs and $5,406,500 was used to fund payroll.

Summit design & engineering is Existing or more than 2 years old

SUMMIT DESIGN & ENGINEERING

Date Approved

04/03/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

SUMMIT DESIGN & ENGINEERING

Borrower Address

320 EXECUTIVE COURT

Borrower City

HILLSBOROUGH

Borrower State

NC

Borrower Zip

27278-0500

Loan Status Date

07/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

5406500.00

Current Approval Amount

5406500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

50761

Servicing Lender Name

The Fidelity Bank

Servicing Lender Address

100 S Main St

Servicing Lender City

FUQUAY VARINA

Servicing Lender State

NC

Servicing Lender Zip

27526-2221

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HILLSBOROUGH

Project County Name

ORANGE

Project State

NC

Project Zip

27278-0500

CD

NC-04

Jobs Reported

373

NAICS Code

541330

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

5406500.00

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

Corporation

Originating Lender Location Id

50761

Originating Lender

The Fidelity Bank

Originating Lender City

FUQUAY VARINA

Originating Lender State

NC

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

5470627.10

Forgiveness Date

06/11/2021

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