# PPP loan: CANAL 509, LLC
> **$523K** approved 04/28/2020 · Paid in Full · Loan `6609177203`
## Borrower
- **Name:** CANAL 509, LLC
- **Address:** 311 DECATUR ST, NEW ORLEANS, LA, 70130-1023
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Unanswered
## Loan
- **Approval amount:** $523K
- **Initial approval:** $523K
- **Forgiven:** $529K (101%)
- **Forgiveness date:** 06/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $523K
- **Jobs reported:** 89
## 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*