Summit Mortgage Corporation

$2,235,255 PPP Loan in Minneapolis, Minnesota

Loan Details

Loan Number
5455847009
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$2,235,255
Current Approval
$2,235,255
Forgiveness Amount
$2,261,892
Forgiveness Date
Jun 18, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Summit Mortgage Corporation
Address
1335 10th Ave N, Suite 100
ZIP Code
55441-5553
Business Type
Subchapter S Corporation
Industry (NAICS)
Finance and Insurance (522390)
Business Age
Existing or more than 2 years old
Jobs Reported
176
Estimated Revenue
$90.4M
Rural/Urban
Urban
Congressional District
MN-03

Loan Use Breakdown

Payroll
$2,149,755
Rent
$82,000
Utilities
$3,500

Lender Information

Servicing Lender
Scale Bank
Originating Lender
Scale Bank

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