# PPP loan: NEW ORLEANS TOURS, INC.
> **$461K** approved 05/01/2020 · Exemption 4 · Loan `1392457700`
## Borrower
- **Name:** NEW ORLEANS TOURS, INC.
- **Address:** 4220 HOWARD AVE, NEW ORLEANS, LA, 70125
- **NAICS:** 541614
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $461K
- **Initial approval:** $461K
- **Forgiven:** $436K (95%)
- **Forgiveness date:** 08/09/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $369K
- **Rent:** $45K
- **Utilities:** $17K
- **Debt interest:** $30K
- **Jobs reported:** 79
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*