# PPP loan: ELITE FOODSERVICE EQUIP CO INC
> **$881K** approved 04/15/2020 · Exemption 4 · Loan `8893817102`
## Borrower
- **Name:** ELITE FOODSERVICE EQUIP CO INC
- **Address:** 1865 NEW HWY, FARMINGDALE, NY, 11735-1501
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $881K
- **Initial approval:** $881K
- **Forgiven:** $755K (86%)
- **Forgiveness date:** 03/08/2021
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $881K
- **Jobs reported:** 49
## Lender
- **Originating:** Citibank, N.A.
- **Servicing:** Citibank, N.A. (SD)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*