# PPP loan: SUMMITT FORESTS INC.
> **$1.38M** approved 02/03/2021 · Paid in Full · Loan `2263448408`
## Borrower
- **Name:** SUMMITT FORESTS INC.
- **Address:** 2305 Ashland St Ste C PMB 432, Ashland, OR, 97520-3777
- **NAICS:** 115310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.38M
- **Initial approval:** $1.38M
- **Forgiven:** $1.39M (101%)
- **Forgiveness date:** 12/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.38M
- **Utilities:** $1
- **Jobs reported:** 268
## Lender
- **Originating:** Peoples Bank of Commerce
- **Servicing:** Peoples Bank of Commerce (OR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*