# PPP loan: L T S COLLECTIONS LLC
> **$184K** approved 05/01/2020 · Charged Off · Loan `1049977706`
## Borrower
- **Name:** L T S COLLECTIONS LLC
- **Address:** 2030 IOWA AVE STE 101, RIVERSIDE, CA, 92507
- **NAICS:** 541618
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $184K
- **Initial approval:** $184K
- **Forgiven:** $183K (99%)
- **Forgiveness date:** 12/20/2021
- **Status:** Charged Off
- **Term:** 60 months
## Use of funds
- **Payroll:** $149K
- **Rent:** $26K
- **Utilities:** $9K
- **Jobs reported:** 34
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*