# PPP loan: ELY AND ASSOCIATES LLC
> **$1.52M** approved 05/04/2020 · Exemption 4 · Loan `1569077406`
## Borrower
- **Name:** ELY AND ASSOCIATES LLC
- **Address:** 19500 STATE HWY 249 STE 140, HOUSTON, TX, 77070
- **NAICS:** 541330
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.52M
- **Initial approval:** $1.52M
- **Forgiven:** $1.26M (82%)
- **Forgiveness date:** 12/05/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.52M
- **Rent:** $1K
- **Utilities:** $1K
- **Jobs reported:** 54
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*