# PPP loan: SUMMIT BEVERAGE GROUP, LLC
> **$157K** approved 04/08/2020 · Paid in Full · Loan `8656247006`
## Borrower
- **Name:** SUMMIT BEVERAGE GROUP, LLC
- **Address:** 211 Washington Ave, MARION, VA, 24354-2364
- **NAICS:** 312111
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $157K
- **Initial approval:** $157K
- **Forgiven:** $158K (101%)
- **Forgiveness date:** 02/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $128K
- **Mortgage interest:** $14K
- **Utilities:** $15K
- **Jobs reported:** 26
## Lender
- **Originating:** The Bank of Marion
- **Servicing:** The Bank of Marion (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*