# PPP loan: SUMMIT RISER SYSTEMS INC
> **$723K** approved 01/28/2021 · Paid in Full · Loan `7811488305`
## Borrower
- **Name:** SUMMIT RISER SYSTEMS INC
- **Address:** 15235 Alton Pkwy Ste 100, Irvine, CA, 92618-2616
- **NAICS:** 517919
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $723K
- **Initial approval:** $723K
- **Forgiven:** $727K (101%)
- **Forgiveness date:** 08/31/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $723K
- **Utilities:** $1
- **Jobs reported:** 49
## Lender
- **Originating:** Farmers & Merchants Bank of Long Beach
- **Servicing:** Farmers & Merchants Bank of Long Beach (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*