PPP Loan information for Summit retail solutions inc

$2,000,000

Summit retail solutions inc was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 02/22/2021 by The Bank of America, National Association reported 121 jobs and $2,000,000 was used to fund payroll.

Summit retail solutions inc is Existing or more than 2 years old

PPP Loan Search / MA / New Bedford / Summit retail solutions inc

SUMMIT RETAIL SOLUTIONS INC

Date Approved

02/22/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

SUMMIT RETAIL SOLUTIONS INC

Borrower Address

227 Union St Fl 3

Borrower City

New Bedford

Borrower State

MA

Borrower Zip

02740-5976

Loan Status Date

01/20/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

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

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

New Bedford

Project County Name

BRISTOL

Project State

MA

Project Zip

02740-5976

CD

MA-09

Jobs Reported

121

NAICS Code

454390

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1999995.00

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

2015780.82

Forgiveness Date

12/09/2021

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