PPP Loan information for Summit electric inc.

$425,000

Summit electric inc. was initially approved for PPP Loan of amount $425,000, the current approved amount is $425,000. The loan was approved on 03/12/2021 by The The Huntington National Bank reported 25 jobs and $425,000 was used to fund payroll.

Summit electric inc. is Existing or more than 2 years old

PPP Loan Search / MI / Troy / Summit electric inc.

SUMMIT ELECTRIC INC.

Date Approved

03/12/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

SUMMIT ELECTRIC INC.

Borrower Address

2544 Acacia Dr

Borrower City

Troy

Borrower State

MI

Borrower Zip

48083-1901

Loan Status Date

04/20/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

425000.00

Current Approval Amount

425000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

57328

Servicing Lender Name

The Huntington National Bank

Servicing Lender Address

17 S High St.

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43215-3413

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Troy

Project County Name

OAKLAND

Project State

MI

Project Zip

48083-1901

CD

MI-11

Jobs Reported

25

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

424996.00

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

57328

Originating Lender

The Huntington National Bank

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

429354.79

Forgiveness Date

03/29/2022

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