# PPP loan: PHELPS DUNBAR, LLP
> **$6.94M** approved 04/09/2020 · Paid in Full · Loan `9701337003`
## Borrower
- **Name:** PHELPS DUNBAR, LLP
- **Address:** 365 CANAL ST Suite 2000, NEW ORLEANS, LA, 70130-1058
- **NAICS:** 541110
- **Business type:** Limited Liability Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $6.94M
- **Initial approval:** $6.94M
- **Forgiven:** $7.02M (101%)
- **Forgiveness date:** 06/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.77M
- **Rent:** $1.16M
- **Jobs reported:** 397
## 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*