PPP Loan information for Summit distributors inc

$44,367

Summit distributors inc was initially approved for PPP Loan of amount $44,367, the current approved amount is $44,367. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 3 jobs and $44,367 was used to fund payroll.

Summit distributors inc is New Business or 2 years or less

PPP Loan Search / MD / ABERDEEN / Summit distributors inc

SUMMIT DISTRIBUTORS INC

Date Approved

05/01/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

SUMMIT DISTRIBUTORS INC

Borrower Address

3636 ALDINO RD

Borrower City

ABERDEEN

Borrower State

MD

Borrower Zip

21001-1033

Loan Status Date

02/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

44367.00

Current Approval Amount

44367.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

ABERDEEN

Project County Name

HARFORD

Project State

MD

Project Zip

21001-1033

CD

MD-01

Jobs Reported

3

NAICS Code

423310

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

44367.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

41620.87

Forgiveness Date

12/15/2020

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