# PPP loan: SUMMIT CONTRACTING INC
> **$388K** approved 04/03/2020 · Paid in Full · Loan `4507837004`
## Borrower
- **Name:** SUMMIT CONTRACTING INC
- **Address:** 36581 SD HIGHWAY 44, PLATTE, SD, 57369-6369
- **NAICS:** 236210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $388K
- **Initial approval:** $388K
- **Forgiven:** $391K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $351K
- **Rent:** $14K
- **Mortgage interest:** $5K
- **Utilities:** $6K
- **Health care:** $12K
- **Jobs reported:** 31
## Lender
- **Originating:** American Bank and Trust
- **Servicing:** American Bank and Trust (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*