# PPP loan: ELITE PAVING, LTD.
> **$310K** approved 04/16/2020 · Paid in Full · Loan `2906677209`
## Borrower
- **Name:** ELITE PAVING, LTD.
- **Address:** 5106 WALNUT AVENUE, DOWNERS GROVE, IL, 60515
- **NAICS:** 237310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $310K
- **Initial approval:** $310K
- **Forgiven:** $314K (101%)
- **Forgiveness date:** 07/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $300K
- **Jobs reported:** 11
## Lender
- **Originating:** Fifth Third Bank
- **Servicing:** Fifth Third Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*