PPP Loan information for Lotus international company

$616,505

Lotus international company was initially approved for PPP Loan of amount $616,505, the current approved amount is $616,505. The loan was approved on 05/01/2020 by The JPMorgan Chase Bank, National Association reported 460 jobs and $616,505 was used to fund payroll.

Lotus international company is Existing or more than 2 years old

PPP Loan Search / MI / CANTON / Lotus international company

LOTUS INTERNATIONAL COMPANY

Date Approved

05/01/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

LOTUS INTERNATIONAL COMPANY

Borrower Address

6880 COMMERCE BLVD

Borrower City

CANTON

Borrower State

MI

Borrower Zip

48187

Loan Status Date

07/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

616505.00

Current Approval Amount

616505.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CANTON

Project County Name

WAYNE

Project State

MI

Project Zip

48187-0001

CD

MI-06

Jobs Reported

460

NAICS Code

541330

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

66505.00

Payroll Proceed

400000.00

Mortgage Interest Proceed

0.00

Rent Proceed

105000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

45000.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

623301.97

Forgiveness Date

06/11/2021

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