# PPP loan: ELITE 8, LLC
> **$355K** approved 04/15/2020 · Paid in Full · Loan `9498097105`
## Borrower
- **Name:** ELITE 8, LLC
- **Address:** 2734 North Salisbury Boulevard, Salisbury, MD, 21801
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $355K
- **Initial approval:** $355K
- **Forgiven:** $358K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $308K
- **Rent:** $17K
- **Mortgage interest:** $5K
- **Utilities:** $16K
- **Health care:** $9K
- **Jobs reported:** 71
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*