# PPP loan: SUMMIT PLASTIC MOLDING, INC.
> **$517K** approved 04/28/2020 · Paid in Full · Loan `6722947200`
## Borrower
- **Name:** SUMMIT PLASTIC MOLDING, INC.
- **Address:** 51340 Celeste, Shelby Township, MI, 48315-2902
- **NAICS:** 326199
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $517K
- **Initial approval:** $517K
- **Forgiven:** $521K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $414K
- **Mortgage interest:** $103K
- **Jobs reported:** 73
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*