# PPP loan: ELITE AEROSPACE GROUP INC.
> **$1.95M** approved 03/16/2021 · Charged Off · Loan `2922488610`
## Borrower
- **Name:** ELITE AEROSPACE GROUP INC.
- **Address:** 1641 Reynolds Ave, Irvine, CA, 92614-5709
- **NAICS:** 336413
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.95M
- **Initial approval:** $1.95M
- **Status:** Charged Off
- **Term:** 46 months
## Use of funds
- **Payroll:** $1.94M
- **Utilities:** $1
- **Jobs reported:** 82
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*