# PPP loan: THE ELITE GROUP, INC
> **$247K** approved 04/30/2020 · Exemption 4 · Loan `6888767303`
## Borrower
- **Name:** THE ELITE GROUP, INC
- **Address:** 7427 MATTHEWS MINT HILL RD STE 105 # 192, MINT HILL, NC, 28227-7863
- **NAICS:** 541618
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $247K
- **Initial approval:** $247K
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $247K
- **Jobs reported:** 9
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*