# PPP loan: SUMMIT VENTURES LLC
> **$195K** approved 04/27/2020 · Paid in Full · Loan `5706277206`
## Borrower
- **Name:** SUMMIT VENTURES LLC
- **Address:** 705 W RIVER PKWY, CHAMPLIN, MN, 55316-1291
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $195K
- **Initial approval:** $195K
- **Forgiven:** $196K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $195K
- **Jobs reported:** 31
## Lender
- **Originating:** The Bank of Elk River
- **Servicing:** The Bank of Elk River (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*