# PPP loan: ELITE LEGACY EDUCATION INC.
> **$1.90M** approved 04/08/2021 · Charged Off · Loan `8699808701`
## Borrower
- **Name:** ELITE LEGACY EDUCATION INC.
- **Address:** 1490 NE Pine Island Rd Ste 5D, Cape Coral, FL, 33909-2127
- **NAICS:** 611699
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.90M
- **Initial approval:** $1.90M
- **Forgiven:** $1.15M (60%)
- **Forgiveness date:** 08/11/2022
- **Status:** Charged Off
- **Term:** 35 months
## Use of funds
- **Payroll:** $1.90M
- **Utilities:** $1
- **Jobs reported:** 182
## Lender
- **Originating:** Cross River Bank
- **Servicing:** Cross River Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*