# PPP loan: FORTUNE RAGS CORP
> **$447K** approved 02/11/2021 · Paid in Full · Loan `7203518406`
## Borrower
- **Name:** FORTUNE RAGS CORP
- **Address:** 3405 Navigation Blvd Ste 600, Houston, TX, 77003-1720
- **NAICS:** 423930
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $447K
- **Initial approval:** $447K
- **Forgiven:** $452K (101%)
- **Forgiveness date:** 05/05/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $446K
- **Jobs reported:** 125
## Lender
- **Originating:** East West Bank
- **Servicing:** East West Bank (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*