Date Approved
06/29/2020
SBA Office Code
0515
Processing Method
PPP
Borrower Name
ELITE FUND, INC.
Borrower Address
617 E. Lake St
Borrower City
Stanton
Borrower State
MI
Borrower Zip
48888-8902
Loan Status Date
04/22/2021
Loan Status
Paid in Full
Term
60
SBA Guaranty Percentage
100
Initial Approval Amount
51800.00
Current Approval Amount
53400.00
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
123499
Servicing Lender Name
BayFirst National Bank
Servicing Lender Address
700 Central Avenue
Servicing Lender City
Saint Petersburg
Servicing Lender State
FL
Servicing Lender Zip
33701
Rural Urban Indicator
R
Hubzone Indicator
Y
HLMI Indicator
Business Age Description
Unanswered
Project City
Project County Name
MONTCALM
Project State
Project Zip
CD
MI-02
Jobs Reported
3
NAICS Code
561110
Race
Ethnicity
Not Hispanic or Latino
Utilities Proceed
Payroll Proceed
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Subchapter S Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Veteran
Non Profit
Forgiveness Amount
53714.55
Forgiveness Date
03/09/2021