PPP Loan information for Elite funding corporation

$274,399

Elite funding corporation was initially approved for PPP Loan of amount $274,399, the current approved amount is $274,399. The loan was approved on 04/13/2020 by The MVB Bank, Inc. reported 25 jobs and $274,399 was used to fund payroll.

Elite funding corporation is Existing or more than 2 years old

PPP Loan Search / MD / ANNAPOLIS / Elite funding corporation

ELITE FUNDING CORPORATION

Date Approved

04/13/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

ELITE FUNDING CORPORATION

Borrower Address

2661 Riva Road Bldg 1000

Borrower City

ANNAPOLIS

Borrower State

MD

Borrower Zip

21401-4298

Loan Status Date

12/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

274399.00

Current Approval Amount

274399.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

123130

Servicing Lender Name

MVB Bank, Inc.

Servicing Lender Address

301 Virginia Ave

Servicing Lender City

FAIRMONT

Servicing Lender State

WV

Servicing Lender Zip

26554-2777

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ANNAPOLIS

Project County Name

ANNE ARUNDEL

Project State

MD

Project Zip

21401-4298

CD

MD-03

Jobs Reported

25

NAICS Code

522310

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

274399.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

123130

Originating Lender

MVB Bank, Inc.

Originating Lender City

FAIRMONT

Originating Lender State

WV

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

278705.54

Forgiveness Date

11/04/2021

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