# PPP loan: ELITE FAST TRANS INC
> **$559K** approved 05/01/2020 · Paid in Full · Loan `1401307704`
## Borrower
- **Name:** ELITE FAST TRANS INC
- **Address:** 540 OCEAN PKWY APT 2K, BROOKLYN, NY, 11218
- **NAICS:** 488999
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $559K
- **Initial approval:** $559K
- **Forgiven:** $563K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $559K
- **Jobs reported:** 94
## 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*