# PPP loan: ELITE AUTO SALON INC
> **$255K** approved 04/04/2020 · Paid in Full · Loan `5003717004`
## Borrower
- **Name:** ELITE AUTO SALON INC
- **Address:** 114 W CIMARRON ST, COLORADO SPRINGS, CO, 80903-3808
- **NAICS:** 811121
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $255K
- **Initial approval:** $282K
- **Forgiven:** $258K (101%)
- **Forgiveness date:** 06/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $255K
- **Jobs reported:** 28
## Lender
- **Originating:** CrossFirst Bank
- **Servicing:** CrossFirst Bank (KS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*