# PPP loan: SUMMIT CONCRETE & MASONRY
> **$1.36M** approved 04/07/2020 · Paid in Full · Loan `6732687002`
## Borrower
- **Name:** SUMMIT CONCRETE & MASONRY
- **Address:** 39821 Grand Ave, NORTH BRANCH, MN, 55056-6064
- **NAICS:** 238110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.36M
- **Initial approval:** $1.36M
- **Forgiven:** $973K (72%)
- **Forgiveness date:** 08/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.02M
- **Rent:** $340K
- **Jobs reported:** 53
## Lender
- **Originating:** First Bank Elk River
- **Servicing:** First Bank Elk River (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*