# PPP loan: ELITE BUSINESS SERVICES, INC
> **$163K** approved 04/05/2020 · Paid in Full · Loan `5512157000`
## Borrower
- **Name:** ELITE BUSINESS SERVICES, INC
- **Address:** 106 Hicks Avenue, MEDFORD, MA, 02155-6319
- **NAICS:** 561720
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $163K
- **Initial approval:** $163K
- **Forgiven:** $164K (101%)
- **Forgiveness date:** 02/18/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $138K
- **Rent:** $5K
- **Utilities:** $868
- **Health care:** $708
- **Debt interest:** $18K
- **Jobs reported:** 24
## Lender
- **Originating:** Digital FCU
- **Servicing:** Digital FCU (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*