# PPP loan: ELITE CONSTRUCTION EQUIPMENT LLC
> **$267K** approved 07/31/2020 · Paid in Full · Loan `2169908201`
## Borrower
- **Name:** ELITE CONSTRUCTION EQUIPMENT LLC
- **Address:** 17223 JERSEY AVE, ARTESIA, CA, 90701-2638
- **NAICS:** 236220
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $267K
- **Initial approval:** $267K
- **Forgiven:** $270K (101%)
- **Forgiveness date:** 05/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $240K
- **Rent:** $8K
- **Utilities:** $8K
- **Debt interest:** $11K
- **Jobs reported:** 16
## Lender
- **Originating:** American Business Bank
- **Servicing:** American Business Bank (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*