PPP Loan information for Summit electric co

$560,000

Summit electric co was initially approved for PPP Loan of amount $560,000, the current approved amount is $560,000. The loan was approved on 04/13/2020 by The PNC Bank, National Association reported 55 jobs and $560,000 was used to fund payroll.

Summit electric co is Existing or more than 2 years old

PPP Loan Search / MD / SYKESVILLE / Summit electric co

SUMMIT ELECTRIC CO

Date Approved

04/13/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

SUMMIT ELECTRIC CO

Borrower Address

5208 KLEE MILL RD S

Borrower City

SYKESVILLE

Borrower State

MD

Borrower Zip

21784-9200

Loan Status Date

02/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

560000.00

Current Approval Amount

560000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

44449

Servicing Lender Name

PNC Bank, National Association

Servicing Lender Address

222 Delaware Ave

Servicing Lender City

WILMINGTON

Servicing Lender State

DE

Servicing Lender Zip

19801-1621

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SYKESVILLE

Project County Name

CARROLL

Project State

MD

Project Zip

21784-9200

CD

MD-02

Jobs Reported

55

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

560000.00

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

44449

Originating Lender

PNC Bank, National Association

Originating Lender City

WILMINGTON

Originating Lender State

DE

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

564386.67

Forgiveness Date

01/25/2021

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