# PPP loan: ELITE AUTO BODY INC
> **$1.22M** approved 04/09/2020 · Paid in Full · Loan `1046947103`
## Borrower
- **Name:** ELITE AUTO BODY INC
- **Address:** 203 E. Mercury Blvd, HAMPTON, VA, 23669-2458
- **NAICS:** 811121
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.22M
- **Initial approval:** $1.22M
- **Forgiven:** $1.23M (101%)
- **Forgiveness date:** 04/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.22M
- **Jobs reported:** 110
## Lender
- **Originating:** TowneBank
- **Servicing:** TowneBank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*