# PPP loan: ELITE AUTO SALES INC
> **$210K** approved 04/04/2020 · Paid in Full · Loan `5026847000`
## Borrower
- **Name:** ELITE AUTO SALES INC
- **Address:** 3804 FAYETTEVILLE RD, RALEIGH, NC, 27603-3550
- **NAICS:** 441120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $210K
- **Initial approval:** $86K
- **Forgiven:** $212K (101%)
- **Forgiveness date:** 05/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $210K
- **Jobs reported:** 6
## Lender
- **Originating:** The Fidelity Bank
- **Servicing:** The Fidelity Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*