# PPP loan: ELITE MANUFACTURING AND PROFESSIONAL SERVICES INC.
> **$790K** approved 02/12/2021 · Paid in Full · Loan `7981958405`
## Borrower
- **Name:** ELITE MANUFACTURING AND PROFESSIONAL SERVICES INC.
- **Address:** 405 Tilthammer Dr, Kingsport, TN, 37660-3541
- **NAICS:** 339999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $790K
- **Initial approval:** $790K
- **Forgiven:** $801K (101%)
- **Forgiveness date:** 07/21/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $790K
- **Utilities:** $1
- **Jobs reported:** 182
## Lender
- **Originating:** Powell Valley National Bank
- **Servicing:** Powell Valley National Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*