# PPP loan: NET ELEMENT, INC
> **$491K** approved 04/30/2020 · Paid in Full · Loan `5200677309`
## Borrower
- **Name:** NET ELEMENT, INC
- **Address:** 3363 NE 163RD ST, NORTH MIAMI BEACH, FL, 33160-4436
- **NAICS:** 522320
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $491K
- **Initial approval:** $492K
- **Forgiven:** $496K (101%)
- **Forgiveness date:** 05/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $491K
- **Jobs reported:** 43
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*