# PPP loan: SUMMIT MANAGEMENT LLC
> **$527K** approved 04/11/2020 · Paid in Full · Loan `2877937106`
## Borrower
- **Name:** SUMMIT MANAGEMENT LLC
- **Address:** 6770 STILLWATER BLVD, STILLWATER, MN, 55082-5440
- **NAICS:** 531190
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $527K
- **Initial approval:** $527K
- **Forgiven:** $531K (101%)
- **Forgiveness date:** 01/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $462K
- **Rent:** $30K
- **Mortgage interest:** $15K
- **Utilities:** $20K
- **Jobs reported:** 50
## Lender
- **Originating:** Magnifi Financial CU
- **Servicing:** Magnifi Financial CU (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*