# PPP loan: ELITE MEQUON LLC
> **$269K** approved 04/05/2020 · Paid in Full · Loan `5270417002`
## Borrower
- **Name:** ELITE MEQUON LLC
- **Address:** 1320 W Fullerton Avenue, CHICAGO, IL, 60614
- **NAICS:** 713940
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $269K
- **Initial approval:** $269K
- **Forgiven:** $271K (101%)
- **Forgiveness date:** 02/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $202K
- **Rent:** $34K
- **Utilities:** $34K
- **Jobs reported:** 30
## Lender
- **Originating:** Wintrust Bank, National Association
- **Servicing:** Wintrust Bank, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*