# PPP loan: SUMMIT MORTGAGE CORPORATION
> **$2.24M** approved 04/05/2020 · Paid in Full · Loan `5455847009`
## Borrower
- **Name:** SUMMIT MORTGAGE CORPORATION
- **Address:** 1335 10TH AVE N, SUITE 100, MINNEAPOLIS, MN, 55441-5553
- **NAICS:** 522390
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.24M
- **Initial approval:** $2.24M
- **Forgiven:** $2.26M (101%)
- **Forgiveness date:** 06/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.15M
- **Rent:** $82K
- **Utilities:** $4K
- **Jobs reported:** 176
## Lender
- **Originating:** Scale Bank
- **Servicing:** Scale Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*