# PPP loan: ELITE OF ARCADIA, INC.
> **$159K** approved 04/10/2020 · Paid in Full · Loan `2200527110`
## Borrower
- **Name:** ELITE OF ARCADIA, INC.
- **Address:** 1135 W. HUNTINGTON DR. #220, ARCADIA, CA, 91007-1615
- **NAICS:** 611699
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $159K
- **Initial approval:** $159K
- **Forgiven:** $160K (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $119K
- **Rent:** $40K
- **Jobs reported:** 18
## Lender
- **Originating:** Centerstone SBA Lending, Inc.
- **Servicing:** Centerstone SBA Lending, Inc. (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*