PPP Loan information for The sommers group

$50,200

The sommers group was initially approved for PPP Loan of amount $50,200, the current approved amount is $50,200. The loan was approved on 04/14/2020 by The Dacotah Bank reported 6 jobs and $50,200 was used to fund payroll.

The sommers group is Existing or more than 2 years old

PPP Loan Search / SD / ABERDEEN / The sommers group

THE SOMMERS GROUP

Date Approved

04/14/2020

SBA Office Code

0876

Processing Method

PPP

Borrower Name

THE SOMMERS GROUP

Borrower Address

424 N 4th Street

Borrower City

ABERDEEN

Borrower State

SD

Borrower Zip

57401-2728

Loan Status Date

06/01/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

50200.00

Current Approval Amount

50200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

66384

Servicing Lender Name

Dacotah Bank

Servicing Lender Address

308 S Main St

Servicing Lender City

ABERDEEN

Servicing Lender State

SD

Servicing Lender Zip

57401-4146

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ABERDEEN

Project County Name

BROWN

Project State

SD

Project Zip

57401-2728

CD

SD-

Jobs Reported

6

NAICS Code

811121

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

5000.00

Payroll Proceed

40200.00

Mortgage Interest Proceed

0.00

Rent Proceed

5000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

66384

Originating Lender

Dacotah Bank

Originating Lender City

ABERDEEN

Originating Lender State

SD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

50774.51

Forgiveness Date

06/09/2021

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