PPP Loan information for Lotus communications corp.

$5,075,000

Lotus communications corp. was initially approved for PPP Loan of amount $5,075,000, the current approved amount is $5,075,000. The loan was approved on 04/03/2020 by The City National Bank reported 250 jobs and $5,075,000 was used to fund payroll.

Lotus communications corp. is Existing or more than 2 years old

PPP Loan Search / CA / LOS ANGELES / Lotus communications corp.

LOTUS COMMUNICATIONS CORP.

Date Approved

04/03/2020

SBA Office Code

0914

Processing Method

PPP

Borrower Name

LOTUS COMMUNICATIONS CORP.

Borrower Address

330 BARHAM BLVD

Borrower City

LOS ANGELES

Borrower State

CA

Borrower Zip

90068-1480

Loan Status Date

10/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

5075000.00

Current Approval Amount

5075000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

4924

Servicing Lender Name

City National Bank

Servicing Lender Address

555 S Flower St

Servicing Lender City

LOS ANGELES

Servicing Lender State

CA

Servicing Lender Zip

90071-2300

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LOS ANGELES

Project County Name

LOS ANGELES

Project State

CA

Project Zip

90068-1480

CD

CA-30

Jobs Reported

250

NAICS Code

515112

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

4000000.00

Mortgage Interest Proceed

1000000.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

75000.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

4924

Originating Lender

City National Bank

Originating Lender City

LOS ANGELES

Originating Lender State

CA

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

5146328.08

Forgiveness Date

09/17/2021

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