# PPP loan: ELITE TEAM, LP
> **$1.57M** approved 04/09/2020 · Paid in Full · Loan `9896827007`
## Borrower
- **Name:** ELITE TEAM, LP
- **Address:** 4519 GARFIELD ST Suite 17, MIDLAND, TX, 79705-3421
- **NAICS:** 722513
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.57M
- **Initial approval:** $1.57M
- **Forgiven:** $1.59M (101%)
- **Forgiveness date:** 06/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.45M
- **Rent:** $50K
- **Utilities:** $75K
- **Jobs reported:** 295
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*