# PPP loan: SUMMIT MFG AND MACHINING
> **$193K** approved 01/23/2021 · Paid in Full · Loan `4190408306`
## Borrower
- **Name:** SUMMIT MFG AND MACHINING
- **Address:** 723 High Rd, Bremen, IN, 46506-1067
- **NAICS:** 332999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $193K
- **Initial approval:** $193K
- **Forgiven:** $195K (101%)
- **Forgiveness date:** 01/03/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $193K
- **Utilities:** $1
- **Jobs reported:** 16
## Lender
- **Originating:** 1st Source Bank
- **Servicing:** 1st Source Bank (IN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*