# PPP loan: NEW ORLEANS IRON WORKS
> **$1.28M** approved 04/11/2020 · Paid in Full · Loan `3250557100`
## Borrower
- **Name:** NEW ORLEANS IRON WORKS
- **Address:** 220 WALKER RD, BELLE CHASSE, LA, 70037-4334
- **NAICS:** 332312
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.28M
- **Initial approval:** $1.28M
- **Forgiven:** $1.29M (101%)
- **Forgiveness date:** 03/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.19M
- **Rent:** $68K
- **Utilities:** $24K
- **Jobs reported:** 81
## Lender
- **Originating:** Hancock Whitney Bank
- **Servicing:** Hancock Whitney Bank (MS)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*