# PPP loan: SUMMIT LOGISTICS INC.
> **$445K** approved 01/30/2021 · Paid in Full · Loan `9242538305`
## Borrower
- **Name:** SUMMIT LOGISTICS INC.
- **Address:** 2312 Northyard Ct, Fort Wayne, IN, 46818-8973
- **NAICS:** 488510
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $445K
- **Initial approval:** $445K
- **Forgiven:** $450K (101%)
- **Forgiveness date:** 04/28/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $444K
- **Utilities:** $1
- **Jobs reported:** 25
## Lender
- **Originating:** CIBC Bank USA
- **Servicing:** CIBC Bank USA (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*