# PPP loan: LUTZE, INC.
> **$694K** approved 04/28/2020 · Paid in Full · Loan `1959027310`
## Borrower
- **Name:** LUTZE, INC.
- **Address:** 13330 S Ridge Dr, CHARLOTTE, NC, 28273
- **NAICS:** 423610
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $694K
- **Initial approval:** $694K
- **Forgiven:** $703K (101%)
- **Forgiveness date:** 07/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $694K
- **Jobs reported:** 35
## Lender
- **Originating:** United Community Bank
- **Servicing:** United Community Bank (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*