# PPP loan: ELITE STAINLESS STEEL, INC.
> **$305K** approved 04/14/2020 · Paid in Full · Loan `7566987105`
## Borrower
- **Name:** ELITE STAINLESS STEEL, INC.
- **Address:** 24560 GROESBECK HWY, WARREN, MI, 48089
- **NAICS:** 423510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $305K
- **Initial approval:** $264K
- **Forgiven:** $309K (101%)
- **Forgiveness date:** 07/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $305K
- **Jobs reported:** 24
## Lender
- **Originating:** Fifth Third Bank
- **Servicing:** Fifth Third Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*