# PPP loan: ELITE TURNING & MACHINE CORP
> **$171K** approved 04/15/2020 · Paid in Full · Loan `9718397104`
## Borrower
- **Name:** ELITE TURNING & MACHINE CORP
- **Address:** 42 Marway Circle, Rochester, NY, 14624
- **NAICS:** 333249
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $171K
- **Initial approval:** $187K
- **Forgiven:** $172K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $140K
- **Rent:** $12K
- **Utilities:** $8K
- **Health care:** $8K
- **Debt interest:** $4K
- **Jobs reported:** 19
## 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*