# PPP loan: SUMMIT CITY STEEL ERECTION, LLC
> **$322K** approved 04/05/2020 · Paid in Full · Loan `5315507010`
## Borrower
- **Name:** SUMMIT CITY STEEL ERECTION, LLC
- **Address:** 7004 West 350 South, SOUTH WHITLEY, IN, 46787-9628
- **NAICS:** 238120
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $322K
- **Initial approval:** $322K
- **Forgiven:** $325K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $286K
- **Rent:** $4K
- **Utilities:** $4K
- **Health care:** $13K
- **Debt interest:** $15K
- **Jobs reported:** 31
## Lender
- **Originating:** Lake City Bank
- **Servicing:** Lake City Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*