# PPP loan: LOTUS HOTELS INC
> **$353K** approved 01/16/2021 · Paid in Full · Loan `1285308310`
## Borrower
- **Name:** LOTUS HOTELS INC
- **Address:** 2200 S Interstate 35, Austin, TX, 78704-4436
- **NAICS:** 721110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $353K
- **Initial approval:** $353K
- **Forgiven:** $355K (100%)
- **Forgiveness date:** 07/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $353K
- **Utilities:** $1
- **Jobs reported:** 29
## Lender
- **Originating:** Security State Bank
- **Servicing:** Security State Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*