# PPP loan: SUMMIT CONSTRUCTION INC
> **$556K** approved 04/08/2020 · Paid in Full · Loan `7981027009`
## Borrower
- **Name:** SUMMIT CONSTRUCTION INC
- **Address:** 120 COMMERCIAL PKWY, SANTA ROSA BEACH, FL, 32459-3290
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $556K
- **Initial approval:** $556K
- **Forgiven:** $562K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $544K
- **Rent:** $10K
- **Utilities:** $2K
- **Jobs reported:** 23
## Lender
- **Originating:** Commerce Bank
- **Servicing:** Commerce Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*