# PPP loan: TEAM SPIRIT TRAILER OF ELK, INC.
> **$224K** approved 04/27/2020 · Paid in Full · Loan `4753697201`
## Borrower
- **Name:** TEAM SPIRIT TRAILER OF ELK, INC.
- **Address:** 1001 Pierina Drive, Elkhart, IN, 46514-5284
- **NAICS:** 336212
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $224K
- **Initial approval:** $224K
- **Forgiven:** $226K (101%)
- **Forgiveness date:** 06/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $209K
- **Rent:** $4K
- **Mortgage interest:** $11K
- **Jobs reported:** 23
## Lender
- **Originating:** Northwest Bank
- **Servicing:** Northwest Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*