# PPP loan: ELEIT TECHNOLOGY, INC.
> **$555K** approved 04/05/2020 · Paid in Full · Loan `5506997009`
## Borrower
- **Name:** ELEIT TECHNOLOGY, INC.
- **Address:** 201 TRIANA BLVD NW, HUNTSVILLE, AL, 35805-2935
- **NAICS:** 561210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $555K
- **Initial approval:** $555K
- **Forgiven:** $559K (101%)
- **Forgiveness date:** 01/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $555K
- **Jobs reported:** 41
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*