# PPP loan: VALENCELL, INC.
> **$641K** approved 04/15/2020 · Paid in Full · Loan `1494217209`
## Borrower
- **Name:** VALENCELL, INC.
- **Address:** 4601 SIX FORKS RD STE 103, RALEIGH, NC, 27609-5272
- **NAICS:** 541714
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $641K
- **Initial approval:** $641K
- **Forgiven:** $645K (101%)
- **Forgiveness date:** 11/25/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $617K
- **Rent:** $20K
- **Utilities:** $4K
- **Jobs reported:** 36
## Lender
- **Originating:** Western Alliance Bank
- **Servicing:** Western Alliance Bank (AZ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*