# PPP loan: FORTUNE RAGS CORP.
> **$447K** approved 04/15/2020 · Paid in Full · Loan `1621997202`
## Borrower
- **Name:** FORTUNE RAGS CORP.
- **Address:** 3405 NAVIGATION BLVD Suite 600, HOUSTON, TX, 77003-1720
- **NAICS:** 423930
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $447K
- **Initial approval:** $500K
- **Forgiven:** $452K (101%)
- **Forgiveness date:** 07/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $447K
- **Jobs reported:** 125
## Lender
- **Originating:** East West Bank
- **Servicing:** East West Bank (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*