PPP Loan information for Summit retail solutions inc

$2,118,305

Summit retail solutions inc was initially approved for PPP Loan of amount $2,118,305, the current approved amount is $2,118,305. The loan was approved on 04/15/2020 by The Bank of America, National Association reported 337 jobs and $2,118,305 was used to fund payroll.

Summit retail solutions inc is New Business or 2 years or less

PPP Loan Search / MA / NEW BEDFORD / Summit retail solutions inc

SUMMIT RETAIL SOLUTIONS INC

Date Approved

04/15/2020

SBA Office Code

0101

Processing Method

PPP

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

11/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2118305.00

Current Approval Amount

2118305.00

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

New Business or 2 years or less

Project City

NEW BEDFORD

Project County Name

BRISTOL

Project State

MA

Project Zip

02740-5976

CD

MA-09

Jobs Reported

337

NAICS Code

541690

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2118305.00

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

2149992.52

Forgiveness Date

10/21/2021

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