# PPP loan: SUMMATION RESEARCH INC.
> **$213K** approved 03/25/2021 · Paid in Full · Loan `8645268601`
## Borrower
- **Name:** SUMMATION RESEARCH INC.
- **Address:** 305 East Dr Ste D, Melbourne, FL, 32904-1033
- **NAICS:** 335999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $213K
- **Initial approval:** $213K
- **Forgiven:** $215K (101%)
- **Forgiveness date:** 02/16/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $213K
- **Utilities:** $1
- **Jobs reported:** 11
## Lender
- **Originating:** Launch CU
- **Servicing:** Launch CU (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*