# PPP loan: ELITE AUTOBODY & PAINT WORKS, INC
> **$327K** approved 04/10/2020 · Paid in Full · Loan `1498447107`
## Borrower
- **Name:** ELITE AUTOBODY & PAINT WORKS, INC
- **Address:** 1901 N. Dirksen Parkway, SPRINGFIELD, IL, 62702-2142
- **NAICS:** 811121
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $327K
- **Initial approval:** $327K
- **Forgiven:** $330K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $245K
- **Rent:** $82K
- **Jobs reported:** 28
## Lender
- **Originating:** Carrollton Bank
- **Servicing:** Carrollton Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*