# PPP loan: ELITE PIPELINE SERVICES, INC.
> **$331K** approved 05/01/2020 · Paid in Full · Loan `1135937701`
## Borrower
- **Name:** ELITE PIPELINE SERVICES, INC.
- **Address:** 5220 EDGEWATER DR, Allendale, MI, 49401
- **NAICS:** 237120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $331K
- **Initial approval:** $331K
- **Forgiven:** $335K (101%)
- **Forgiveness date:** 07/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $284K
- **Rent:** $13K
- **Utilities:** $7K
- **Health care:** $25K
- **Debt interest:** $3K
- **Jobs reported:** 34
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*