# PPP loan: SUMMIT CORPORATION OF AMERICA
> **$986K** approved 04/28/2020 · Paid in Full · Loan `7531407204`
## Borrower
- **Name:** SUMMIT CORPORATION OF AMERICA
- **Address:** 1430 Waterbury Road, THOMASTON, CT, 06787-2029
- **NAICS:** 332813
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $986K
- **Initial approval:** $986K
- **Forgiven:** $994K (101%)
- **Forgiveness date:** 01/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $986K
- **Jobs reported:** 60
## Lender
- **Originating:** Thomaston Savings Bank
- **Servicing:** Thomaston Savings Bank (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*