# PPP loan: LOTUSTEL GROUP LLC
> **$238K** approved 03/31/2021 · Paid in Full · Loan `3551188706`
## Borrower
- **Name:** LOTUSTEL GROUP LLC
- **Address:** 5110 N President George Bush Hwy, Garland, TX, 75040-2795
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $238K
- **Initial approval:** $238K
- **Forgiven:** $240K (101%)
- **Forgiveness date:** 12/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $238K
- **Utilities:** $1
- **Jobs reported:** 23
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*