PPP Loan information for Summit group llc

$2,000,000

Summit group llc was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 01/26/2021 by The CIBC Bank USA reported 92 jobs and $2,000,000 was used to fund payroll.

Summit group llc is Existing or more than 2 years old

PPP Loan Search / MD / Silver Spring / Summit group llc

SUMMIT GROUP LLC

Date Approved

01/26/2021

SBA Office Code

0353

Processing Method

PPS

Borrower Name

SUMMIT GROUP LLC

Borrower Address

11961 Tech Rd

Borrower City

Silver Spring

Borrower State

MD

Borrower Zip

20904-1936

Loan Status Date

01/31/2022

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

116998

Servicing Lender Name

CIBC Bank USA

Servicing Lender Address

120 S LaSalle St

Servicing Lender City

CHICAGO

Servicing Lender State

IL

Servicing Lender Zip

60603-3403

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Silver Spring

Project County Name

MONTGOMERY

Project State

MD

Project Zip

20904-1936

CD

MD-08

Jobs Reported

92

NAICS Code

541613

Race

Unanswered

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

Limited Liability Company(LLC)

Originating Lender Location Id

116998

Originating Lender

CIBC Bank USA

Originating Lender City

CHICAGO

Originating Lender State

IL

Gender

Unanswered

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2017917.81

Forgiveness Date

01/05/2022

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