# PPP loan: ELITE SALES AND MARKETING GROUP INC.
> **$187K** approved 05/01/2020 · Charged Off · Loan `8246767703`
## Borrower
- **Name:** ELITE SALES AND MARKETING GROUP INC.
- **Address:** 603 SEAGAZE DR, OCEANSIDE, CA, 92054-3005
- **NAICS:** 541613
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $187K
- **Initial approval:** $187K
- **Forgiven:** $153K (82%)
- **Forgiveness date:** 06/23/2021
- **Status:** Charged Off
- **Term:** 20 months
## Use of funds
- **Payroll:** $187K
- **Jobs reported:** 3
## Lender
- **Originating:** U.S. Bank, National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*