# PPP loan: VALLEE ELECTRICAL SERVICES INC.
> **$800K** approved 05/04/2020 · Paid in Full · Loan `1308707407`
## Borrower
- **Name:** VALLEE ELECTRICAL SERVICES INC.
- **Address:** 4551 YORK BLVD, LOS ANGELES, CA, 90041-3341
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $800K
- **Initial approval:** $800K
- **Forgiven:** $808K (101%)
- **Forgiveness date:** 06/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $580K
- **Jobs reported:** 50
## Lender
- **Originating:** Carter FCU
- **Servicing:** Carter FCU (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*