# PPP loan: RED HOT SPAS, INC.
> **$525K** approved 04/11/2020 · Paid in Full · Loan `3289397108`
## Borrower
- **Name:** RED HOT SPAS, INC.
- **Address:** 4218 OLD MONROE RD, INDIAN TRAIL, NC, 28079-3603
- **NAICS:** 453998
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $525K
- **Initial approval:** $525K
- **Forgiven:** $532K (101%)
- **Forgiveness date:** 08/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $525K
- **Jobs reported:** 33
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*