# PPP loan: THE VELVET CACTUS
> **$553K** approved 01/23/2021 · Paid in Full · Loan `4759838301`
## Borrower
- **Name:** THE VELVET CACTUS
- **Address:** 6300 Argonne Blvd, New Orleans, LA, 70124-3902
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $553K
- **Initial approval:** $553K
- **Forgiven:** $560K (101%)
- **Forgiveness date:** 04/28/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $553K
- **Utilities:** $1
- **Jobs reported:** 70
## Lender
- **Originating:** Hancock Whitney Bank
- **Servicing:** Hancock Whitney Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*