# PPP loan: ELITE ELECTRICAL SYSTEMS LLC
> **$150K** approved 04/11/2020 · Paid in Full · Loan `2670537107`
## Borrower
- **Name:** ELITE ELECTRICAL SYSTEMS LLC
- **Address:** 10919 ABBEY RD, NORTH ROYALTON, OH, 44133
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Forgiven:** $151K (101%)
- **Forgiveness date:** 03/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $125K
- **Rent:** $13K
- **Mortgage interest:** $3K
- **Utilities:** $3K
- **Health care:** $7K
- **Jobs reported:** 11
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*