# PPP loan: VAL-MATIC VALVE AND MANUFACTURING CORPORAITON
> **$2.28M** approved 05/01/2020 · Paid in Full · Loan `1108087809`
## Borrower
- **Name:** VAL-MATIC VALVE AND MANUFACTURING CORPORAITON
- **Address:** 905 S RIVERSIDE DRIVE, ELMHURST, IL, 60126-4941
- **NAICS:** 332911
- **Business type:** —
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.28M
- **Initial approval:** $2.28M
- **Forgiven:** $2.31M (101%)
- **Forgiveness date:** 05/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.28M
- **Jobs reported:** 140
## Lender
- **Originating:** Fifth Third Bank
- **Servicing:** Fifth Third Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*