# PPP loan: TEAM 1 ELITE CORPORATION
> **$204K** approved 04/15/2020 · Paid in Full · Loan `1688037201`
## Borrower
- **Name:** TEAM 1 ELITE CORPORATION
- **Address:** 800 S GAY STREET SUITE 700, KNOXVILLE, TN, 37929
- **NAICS:** 492110
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $204K
- **Initial approval:** $204K
- **Forgiven:** $206K (101%)
- **Forgiveness date:** 04/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $183K
- **Rent:** $2K
- **Utilities:** $1K
- **Health care:** $6K
- **Debt interest:** $11K
- **Jobs reported:** 23
## Lender
- **Originating:** Stearns Bank National Association
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*