PPP Loan information for Summit hospitality inc.

$64,900

Summit hospitality inc. was initially approved for PPP Loan of amount $64,900, the current approved amount is $64,900. The loan was approved on 04/07/2020 by The Merchants Bank, National Association reported 4 jobs and $64,900 was used to fund payroll.

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

PPP Loan Search / MN / NORTHFIELD / Summit hospitality inc.

SUMMIT HOSPITALITY INC.

Date Approved

04/07/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

SUMMIT HOSPITALITY INC.

Borrower Address

300 HIGHWAY 3

Borrower City

NORTHFIELD

Borrower State

MN

Borrower Zip

55057-1752

Loan Status Date

07/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

64900.00

Current Approval Amount

64900.00

Undisbursed Amount

0.00

Franchise Name

Country Inn & Suites by Radisson

Servicing Lender Location Id

39052

Servicing Lender Name

Merchants Bank, National Association

Servicing Lender Address

102 E Third St

Servicing Lender City

WINONA

Servicing Lender State

MN

Servicing Lender Zip

55987-3416

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NORTHFIELD

Project County Name

RICE

Project State

MN

Project Zip

55057-1752

CD

MN-02

Jobs Reported

4

NAICS Code

721110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

64900.00

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

39052

Originating Lender

Merchants Bank, National Association

Originating Lender City

WINONA

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

65455.26

Forgiveness Date

02/19/2021

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