Date Approved
04/04/2020
SBA Office Code
0459
Processing Method
PPP
Borrower Name
SUMMIT FOODS, INC
Borrower Address
825 S BROAD ST
Borrower City
SCOTTSBORO
Borrower State
AL
Borrower Zip
35768-2259
Loan Status Date
01/14/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
250900.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Hardee's
Servicing Lender Location Id
112423
Servicing Lender Name
Peoples Independent Bank
Servicing Lender Address
121 Billy B Dyar Blvd
Servicing Lender City
BOAZ
Servicing Lender State
Servicing Lender Zip
35957
Rural Urban Indicator
R
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
JACKSON
Project State
Project Zip
CD
AL-05
Jobs Reported
57
NAICS Code
722511
Race
Unanswered
Ethnicity
Not Hispanic or Latino
Utilities Proceed
40000.00
Payroll Proceed
188175.00
Mortgage Interest Proceed
Rent Proceed
22725.00
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non Profit
Forgiveness Amount
252614.48
Forgiveness Date
12/09/2020