# PPP loan: SUMMIT PETROLEUM, LLC
> **$903K** approved 04/05/2020 · Paid in Full · Loan `5533217004`
## Borrower
- **Name:** SUMMIT PETROLEUM, LLC
- **Address:** 550 W TEXAS AVE STE 700, MIDLAND, TX, 79701-4212
- **NAICS:** 211120
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $903K
- **Initial approval:** $903K
- **Forgiven:** $908K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $903K
- **Jobs reported:** 47
## Lender
- **Originating:** Community National Bank
- **Servicing:** Community National Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*