PPP Loan information for Summitt forests inc.

$1,379,843

Summitt forests inc. was initially approved for PPP Loan of amount $1,379,843, the current approved amount is $1,379,843. The loan was approved on 02/03/2021 by The People's Bank of Commerce reported 268 jobs and $1,379,843 was used to fund payroll.

Summitt forests inc. is Existing or more than 2 years old

PPP Loan Search / OR / Ashland / Summitt forests inc.

SUMMITT FORESTS INC.

Date Approved

02/03/2021

SBA Office Code

1086

Processing Method

PPS

Borrower Name

SUMMITT FORESTS INC.

Borrower Address

2305 Ashland St Ste C PMB 432

Borrower City

Ashland

Borrower State

OR

Borrower Zip

97520-3777

Loan Status Date

01/06/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1379842.50

Current Approval Amount

1379842.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122606

Servicing Lender Name

People's Bank of Commerce

Servicing Lender Address

1311 E Barnett Rd

Servicing Lender City

Medford

Servicing Lender State

OR

Servicing Lender Zip

97504

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Ashland

Project County Name

JACKSON

Project State

OR

Project Zip

97520-3777

CD

OR-02

Jobs Reported

268

NAICS Code

115310

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1379837.50

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

122606

Originating Lender

People's Bank of Commerce

Originating Lender City

Medford

Originating Lender State

OR

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1391561.71

Forgiveness Date

12/16/2021

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