PPP Loan information for Summit farms, l.l.c.

$1,112,780

Summit farms, l.l.c. was initially approved for PPP Loan of amount $1,112,780, the current approved amount is $1,112,780. The loan was approved on 04/05/2020 by The Lincoln Savings Bank reported 65 jobs and $1,112,780 was used to fund payroll.

Summit farms, l.l.c. is Existing or more than 2 years old

PPP Loan Search / IA / ALDEN / Summit farms, l.l.c.

SUMMIT FARMS, L.L.C.

Date Approved

04/05/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

SUMMIT FARMS, L.L.C.

Borrower Address

10640 COUNTY HIGHWAY D20

Borrower City

ALDEN

Borrower State

IA

Borrower Zip

50006-4814

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1112780.00

Current Approval Amount

1112780.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25416

Servicing Lender Name

Lincoln Savings Bank

Servicing Lender Address

508 Main Street PO Box E

Servicing Lender City

Reinbeck

Servicing Lender State

IA

Servicing Lender Zip

50669

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ALDEN

Project County Name

HARDIN

Project State

IA

Project Zip

50006-4814

CD

IA-02

Jobs Reported

65

NAICS Code

115116

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

222556.00

Payroll Proceed

0.00

Mortgage Interest Proceed

805172.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

85052.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

25416

Originating Lender

Lincoln Savings Bank

Originating Lender City

Reinbeck

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1119209.40

Forgiveness Date

11/05/2020

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