# PPP loan: LOTUS COMMUNICATIONS CORP.
> **$5.08M** approved 04/03/2020 · Paid in Full · Loan `4512937004`
## Borrower
- **Name:** LOTUS COMMUNICATIONS CORP.
- **Address:** 330 BARHAM BLVD, LOS ANGELES, CA, 90068-1480
- **NAICS:** 515112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.08M
- **Initial approval:** $5.08M
- **Forgiven:** $5.15M (101%)
- **Forgiveness date:** 09/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.00M
- **Mortgage interest:** $1.00M
- **Health care:** $75K
- **Jobs reported:** 250
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*