# PPP loan: VICTORY PROCESSING CO.
> **$8.90M** approved 04/15/2020 · Paid in Full · Loan `1551717203`
## Borrower
- **Name:** VICTORY PROCESSING CO.
- **Address:** 2093 INDUSTRIAL DR,, GAINESVILLE, GA, 30504-5855
- **NAICS:** 311615
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $8.90M
- **Initial approval:** $8.90M
- **Forgiven:** $9.00M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $8.90M
- **Jobs reported:** 500
## Lender
- **Originating:** Regions Bank
- **Servicing:** Regions Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*