# PPP loan: SUMMIT PETROLEUM INC.
> **$1.02M** approved 04/28/2020 · Paid in Full · Loan `9481997206`
## Borrower
- **Name:** SUMMIT PETROLEUM INC.
- **Address:** 9345 Ravenna Rd Unit A, Twinsburg, OH, 44087-2452
- **NAICS:** 213111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.02M
- **Initial approval:** $1.02M
- **Forgiven:** $636K (62%)
- **Forgiveness date:** 06/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.02M
- **Jobs reported:** 38
## Lender
- **Originating:** Northwest Bank
- **Servicing:** Northwest Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*