# PPP loan: LOTUS HOTELS INC
> **$252K** approved 04/15/2020 · Paid in Full · Loan `9041067107`
## Borrower
- **Name:** LOTUS HOTELS INC
- **Address:** 2200 S INTERSTATE 35, AUSTIN, TX, 78704-2103
- **NAICS:** 721110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $252K
- **Initial approval:** $252K
- **Forgiven:** $254K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $252K
- **Jobs reported:** 29
## Lender
- **Originating:** Security State Bank
- **Servicing:** Security State Bank (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*