# PPP loan: ELITE ASSEMBLERS INC.
> **$540K** approved 03/13/2021 · Paid in Full · Loan `1227458605`
## Borrower
- **Name:** ELITE ASSEMBLERS INC.
- **Address:** 1905 Wilcox Ave # 714, Los Angeles, CA, 90068-3813
- **NAICS:** 561499
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $540K
- **Initial approval:** $540K
- **Forgiven:** $543K (101%)
- **Forgiveness date:** 11/02/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $540K
- **Jobs reported:** 80
## 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*