# PPP loan: ELITE FREIGHT SYSTEMS, INC.
> **$191K** approved 04/03/2020 · Paid in Full · Loan `4451527005`
## Borrower
- **Name:** ELITE FREIGHT SYSTEMS, INC.
- **Address:** 2301 MEMORIAL DR, RACINE, WI, 53403-3182
- **NAICS:** 484110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $191K
- **Initial approval:** $191K
- **Forgiven:** $192K (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $153K
- **Rent:** $30K
- **Mortgage interest:** $660
- **Utilities:** $7K
- **Jobs reported:** 15
## Lender
- **Originating:** Nicolet National Bank
- **Servicing:** Nicolet National Bank (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*