# PPP loan: ELITE CARE NJ LLC
> **$276K** approved 02/05/2021 · Paid in Full · Loan `4035548400`
## Borrower
- **Name:** ELITE CARE NJ LLC
- **Address:** 28 Cherry Street, Newark, NJ, 07104
- **NAICS:** 621498
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $276K
- **Initial approval:** $276K
- **Forgiven:** $280K (101%)
- **Forgiveness date:** 07/25/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $276K
- **Utilities:** $1
- **Jobs reported:** 56
## Lender
- **Originating:** Hanover Community Bank
- **Servicing:** Hanover Community Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*