# PPP loan: VALVETEK UTILITY SERVICES  INC.
> **$262K** approved 03/28/2021 · Paid in Full · Loan `2389718706`
## Borrower
- **Name:** VALVETEK UTILITY SERVICES  INC.
- **Address:** 20 Lafayette Pl, Kenilworth, NJ, 07033-1105
- **NAICS:** 237110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $262K
- **Initial approval:** $262K
- **Forgiven:** $264K (101%)
- **Forgiveness date:** 10/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $262K
- **Utilities:** $1
- **Jobs reported:** 11
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*