# PPP loan: NATIONAL ELITE GYMNASTICS INC.
> **$198K** approved 02/04/2021 · Paid in Full · Loan `3045228408`
## Borrower
- **Name:** NATIONAL ELITE GYMNASTICS INC.
- **Address:** 7632 W Highway 71, Austin, TX, 78735-8247
- **NAICS:** 611620
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $198K
- **Initial approval:** $198K
- **Forgiven:** $200K (101%)
- **Forgiveness date:** 05/12/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $197K
- **Utilities:** $1
- **Jobs reported:** 17
## Lender
- **Originating:** Frost Bank
- **Servicing:** Frost Bank (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*