Summit Concrete & Masonry

$1,360,300 PPP Loan in North Branch, Minnesota

Loan Details

Loan Number
6732687002
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$1,360,300
Current Approval
$1,360,300
Forgiveness Amount
$972,891
Forgiveness Date
Aug 2, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Summit Concrete & Masonry
Address
39821 Grand Ave
ZIP Code
55056-6064
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238110)
Business Age
Existing or more than 2 years old
Jobs Reported
53
Estimated Revenue
$12.3M
Rural/Urban
Rural
Congressional District
MN-08

Loan Use Breakdown

Payroll
$1,020,225
Rent
$340,075

Lender Information

Servicing Lender
First Bank Elk River
Originating Lender
First Bank Elk River

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