# PPP loan: LOTUS 17 INC.
> **$203K** approved 05/01/2020 · Charged Off · Loan `1200507709`
## Borrower
- **Name:** LOTUS 17 INC.
- **Address:** 15 E 17TH ST, NEW YORK, NY, 10003
- **NAICS:** 999990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $203K
- **Initial approval:** $203K
- **Status:** Charged Off
- **Term:** — months
## Use of funds
- **Payroll:** $153K
- **Rent:** $38K
- **Utilities:** $12K
- **Jobs reported:** 180
## 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*