PPP Loan information for The velvet cactus

$553,413

The velvet cactus was initially approved for PPP Loan of amount $553,413, the current approved amount is $553,413. The loan was approved on 01/23/2021 by The Hancock Whitney Bank reported 70 jobs and $553,413 was used to fund payroll.

The velvet cactus is Existing or more than 2 years old

PPP Loan Search / LA / New Orleans / The velvet cactus

THE VELVET CACTUS

Date Approved

01/23/2021

SBA Office Code

0679

Processing Method

PPS

Borrower Name

THE VELVET CACTUS

Borrower Address

6300 Argonne Blvd

Borrower City

New Orleans

Borrower State

LA

Borrower Zip

70124-3902

Loan Status Date

05/07/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

553413.00

Current Approval Amount

553413.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39232

Servicing Lender Name

Hancock Whitney Bank

Servicing Lender Address

2510 14th St One Hancock Plz

Servicing Lender City

GULFPORT

Servicing Lender State

MS

Servicing Lender Zip

39501

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

New Orleans

Project County Name

ORLEANS

Project State

LA

Project Zip

70124-3902

CD

LA-01

Jobs Reported

70

NAICS Code

722511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

553407.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

39232

Originating Lender

Hancock Whitney Bank

Originating Lender City

GULFPORT

Originating Lender State

MS

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

560438.27

Forgiveness Date

04/28/2022

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