# PPP loan: VALLEY MACHINE SHOP INC.
> **$962K** approved 01/20/2021 · Paid in Full · Loan `1859078302`
## Borrower
- **Name:** VALLEY MACHINE SHOP INC.
- **Address:** 1166 6th Ave N, Kent, WA, 98032-2936
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $962K
- **Initial approval:** $962K
- **Forgiven:** $967K (101%)
- **Forgiveness date:** 08/02/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $962K
- **Utilities:** $1
- **Jobs reported:** 68
## Lender
- **Originating:** Kitsap Bank
- **Servicing:** Kitsap Bank (WA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*