# PPP loan: ELITE AEROSPACE GROUP, INC.
> **$1.98M** approved 04/07/2020 · Charged Off · Loan `7499237004`
## Borrower
- **Name:** ELITE AEROSPACE GROUP, INC.
- **Address:** 1641 REYNOLDS AVE, IRVINE, CA, 92614-5709
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.98M
- **Initial approval:** $2.09M
- **Status:** Charged Off
- **Term:** 4 months
## Use of funds
- **Payroll:** $1.60M
- **Rent:** $174K
- **Health care:** $204K
- **Jobs reported:** 118
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*