Sumer, Incorporated

$300,100 PPP Loan in Palatine, Illinois

Loan Details

Loan Number
5884687007
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$300,100
Current Approval
$300,100
Forgiveness Amount
$303,393
Forgiveness Date
May 21, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Sumer, Incorporated
Address
W. Northwest Hwy Suite 1254
ZIP Code
60067-0200
Business Type
Subchapter S Corporation
Industry (NAICS)
Wholesale Trade (423690)
Business Age
Existing or more than 2 years old
Jobs Reported
12
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
IL-05

Loan Use Breakdown

Payroll
$240,080
Rent
$30,010
Utilities
$15,005
Mortgage Interest
$15,005

Lender Information

Servicing Lender
Cornerstone National Bank & Trust Company
Originating Lender
Cornerstone National Bank & Trust Company

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