# PPP loan: ELITE ELECTRONIC ENGINEERING INC.
> **$1.50M** approved 01/31/2021 · Paid in Full · Loan `9674918305`
## Borrower
- **Name:** ELITE ELECTRONIC ENGINEERING INC.
- **Address:** 1516 Centre Cir, Downers Grove, IL, 60515-1019
- **NAICS:** 541380
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.50M
- **Initial approval:** $1.50M
- **Forgiven:** $1.51M (101%)
- **Forgiveness date:** 01/18/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.50M
- **Jobs reported:** 82
## Lender
- **Originating:** Hinsdale Bank & Trust Company, National Association
- **Servicing:** Hinsdale Bank & Trust Company, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*