# PPP loan: VALLEY MACHINE TOOL INC
> **$309K** approved 01/16/2021 · Paid in Full · Loan `1256948304`
## Borrower
- **Name:** VALLEY MACHINE TOOL INC
- **Address:** 9773 Morrow Cozaddale Rd, Morrow, OH, 45152-8589
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $309K
- **Initial approval:** $309K
- **Forgiven:** $310K (100%)
- **Forgiveness date:** 06/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $309K
- **Jobs reported:** 20
## Lender
- **Originating:** 1st National Bank
- **Servicing:** 1st National Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*