# PPP loan: LOTUS INTERNATIONAL COMPANY
> **$617K** approved 05/01/2020 · Paid in Full · Loan `1021267703`
## Borrower
- **Name:** LOTUS INTERNATIONAL COMPANY
- **Address:** 6880 COMMERCE BLVD, CANTON, MI, 48187
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $617K
- **Initial approval:** $617K
- **Forgiven:** $623K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $400K
- **Rent:** $105K
- **Utilities:** $67K
- **Health care:** $45K
- **Jobs reported:** 460
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*