PPP Loan information for Summit educational group

$1,023,875

Summit educational group was initially approved for PPP Loan of amount $1,023,875, the current approved amount is $1,023,875. The loan was approved on 01/20/2021 by The The Village Bank reported 62 jobs and $1,023,875 was used to fund payroll.

Summit educational group is Existing or more than 2 years old

PPP Loan Search / MA / Newton / Summit educational group

SUMMIT EDUCATIONAL GROUP

Date Approved

01/20/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

SUMMIT EDUCATIONAL GROUP

Borrower Address

61R Chapel St

Borrower City

Newton

Borrower State

MA

Borrower Zip

02458-1042

Loan Status Date

03/18/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1023875.00

Current Approval Amount

1023875.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

89088

Servicing Lender Name

The Village Bank

Servicing Lender Address

307 Auburn St

Servicing Lender City

AUBURNDALE

Servicing Lender State

MA

Servicing Lender Zip

02466-1902

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Newton

Project County Name

MIDDLESEX

Project State

MA

Project Zip

02458-1042

CD

MA-04

Jobs Reported

62

NAICS Code

611691

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1023870.00

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

89088

Originating Lender

The Village Bank

Originating Lender City

AUBURNDALE

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1034786.98

Forgiveness Date

02/28/2022

;