# PPP loan: LULU PRESS INC
> **$1.20M** approved 04/07/2020 · Exemption 4 · Loan `6518157006`
## Borrower
- **Name:** LULU PRESS INC
- **Address:** 627 Davis Drive Suite 300, MORRISVILLE, NC, 27560-0309
- **NAICS:** 511199
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.20M
- **Initial approval:** $1.20M
- **Forgiven:** $1.08M (90%)
- **Forgiveness date:** 09/09/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.20M
- **Jobs reported:** 63
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*