# PPP loan: ELITE FIRE SPRINKLER SYSTEMS, INC.
> **$152K** approved 04/06/2020 · Paid in Full · Loan `6125737002`
## Borrower
- **Name:** ELITE FIRE SPRINKLER SYSTEMS, INC.
- **Address:** 1355 Sherman Rd Suite 100, HIAWATHA, IA, 52233-1208
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $152K
- **Initial approval:** $152K
- **Forgiven:** $153K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $152K
- **Jobs reported:** 18
## Lender
- **Originating:** Cedar Rapids Bank and Trust Company
- **Servicing:** Cedar Rapids Bank and Trust Company (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*