# PPP loan: ELITE LAWNS INC.
> **$475K** approved 04/27/2020 · Paid in Full · Loan `5290487205`
## Borrower
- **Name:** ELITE LAWNS INC.
- **Address:** 62 South Bethany Road, McDonough, GA, 30252
- **NAICS:** 238990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $475K
- **Initial approval:** $475K
- **Forgiven:** $481K (101%)
- **Forgiveness date:** 07/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $356K
- **Rent:** $48K
- **Utilities:** $24K
- **Health care:** $48K
- **Jobs reported:** 65
## Lender
- **Originating:** American Express National Bank
- **Servicing:** American Express National Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*