# PPP loan: ELITE INNOVATIVE SOLUTIONS INC
> **$260K** approved 05/14/2020 · Paid in Full · Loan `6611257409`
## Borrower
- **Name:** ELITE INNOVATIVE SOLUTIONS INC
- **Address:** 5900 S LAKE FOREST DR STE 300, MCKINNEY, TX, 75070
- **NAICS:** 334614
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $260K
- **Initial approval:** $260K
- **Forgiven:** $264K (101%)
- **Forgiveness date:** 11/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $260K
- **Jobs reported:** 22
## Lender
- **Originating:** Intuit Financing Inc.
- **Servicing:** Quontic Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*