# PPP loan: LANE-VALENTE INDUSTRIES INC
> **$4.64M** approved 05/01/2020 · Paid in Full · Loan `2124067710`
## Borrower
- **Name:** LANE-VALENTE INDUSTRIES INC
- **Address:** 98 MAPLE AVE, SMITHTOWN, NY, 11787
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.64M
- **Initial approval:** $4.64M
- **Forgiven:** $4.70M (101%)
- **Forgiveness date:** 08/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.60M
- **Rent:** $196K
- **Utilities:** $21K
- **Health care:** $817K
- **Jobs reported:** 291
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*