# PPP loan: SUMMIT AUTOMOTIVE MANAGEMENT, INC.
> **$193K** approved 04/28/2020 · Paid in Full · Loan `7741187208`
## Borrower
- **Name:** SUMMIT AUTOMOTIVE MANAGEMENT, INC.
- **Address:** 3271 Five Points Dr., Auburn Hills, MI, 48326
- **NAICS:** 561110
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $193K
- **Initial approval:** $193K
- **Forgiven:** $196K (101%)
- **Forgiveness date:** 08/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $193K
- **Jobs reported:** 15
## Lender
- **Originating:** The Huntington National Bank
- **Servicing:** The Huntington National Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*