Sumit Construction, Inc.

$1,546,366 PPP Loan in Chicago, Illinois

Loan Details

Loan Number
2254527203
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$1,546,366
Current Approval
$1,546,366
Forgiveness Amount
$1,558,909
Forgiveness Date
Feb 9, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Sumit Construction, Inc.
Address
4150 W Wrightwood Ave
ZIP Code
60639
Business Type
Corporation
Industry (NAICS)
Construction (237310)
Business Age
Existing or more than 2 years old
Jobs Reported
72
Estimated Revenue
$22.3M
Rural/Urban
Urban
Congressional District
IL-03

Loan Use Breakdown

Payroll
$1,488,066
Rent
$54,300
Utilities
$4,000

Lender Information

Servicing Lender
Byline Bank
Originating Lender
Byline Bank

Other PPP Loans in Chicago, IL

BusinessApproved
Fay Servicing, LLC$10,000,000NewBizBotAI Deep Dive
Young Men's Christian Association of Chicago$10,000,000NewBizBotAI Deep Dive
Daniels Sharpsmart INC$10,000,000NewBizBotAI Deep Dive
Access Community Health Network$10,000,000NewBizBotAI Deep Dive
Freightcar America, Inc.$10,000,000NewBizBotAI Deep Dive

Want to research this company further?