# PPP loan: E&L DEVELOPMENT INC.
> **$319K** approved 04/12/2020 · Paid in Full · Loan `4104557107`
## Borrower
- **Name:** E&L DEVELOPMENT INC.
- **Address:** 15801 23 Mile Rd, Macomb township, MI, 48042
- **NAICS:** 561320
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $319K
- **Initial approval:** $319K
- **Forgiven:** $323K (101%)
- **Forgiveness date:** 08/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $319K
- **Jobs reported:** 36
## Lender
- **Originating:** Flagstar Bank National Association
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*