# PPP loan: THE LOTUS METHOD
> **$161K** approved 01/25/2021 · Paid in Full · Loan `5457538304`
## Borrower
- **Name:** THE LOTUS METHOD
- **Address:** 4427 Piedmont Ave Apt 1, Oakland, CA, 94611-4257
- **NAICS:** 713940
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $161K
- **Initial approval:** $161K
- **Forgiven:** $162K (101%)
- **Forgiveness date:** 08/18/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $161K
- **Jobs reported:** 12
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Readycap Lending, LLC (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*