# PPP loan: SUMMIT ACADEMY OIC
> **$772K** approved 04/11/2020 · Paid in Full · Loan `2653937107`
## Borrower
- **Name:** SUMMIT ACADEMY OIC
- **Address:** 935 Olson Memorial Highway, MINNEAPOLIS, MN, 55405-1359
- **NAICS:** 611519
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $772K
- **Initial approval:** $772K
- **Forgiven:** $779K (101%)
- **Forgiveness date:** 03/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $579K
- **Rent:** $48K
- **Mortgage interest:** $48K
- **Utilities:** $48K
- **Debt interest:** $48K
- **Jobs reported:** 73
## Lender
- **Originating:** MidWestOne Bank
- **Servicing:** MidWestOne Bank (IA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*