# PPP loan: ELITE AUTO CENTER OF GAINESVILLE INC
> **$161K** approved 04/30/2020 · Paid in Full · Loan `5201357309`
## Borrower
- **Name:** ELITE AUTO CENTER OF GAINESVILLE INC
- **Address:** 3728 NE 4th St, GAINESVILLE, FL, 32609
- **NAICS:** 488410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $161K
- **Initial approval:** $161K
- **Forgiven:** $162K (101%)
- **Forgiveness date:** 01/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $129K
- **Utilities:** $32K
- **Jobs reported:** 20
## Lender
- **Originating:** Ameris Bank
- **Servicing:** Ameris Bank (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*