# PPP loan: VALCONN ELECTRONICS, INC.
> **$352K** approved 04/29/2020 · Paid in Full · Loan `2571557303`
## Borrower
- **Name:** VALCONN ELECTRONICS, INC.
- **Address:** 909 RAHWAY AVENUE, UNION, NJ, 07083
- **NAICS:** 334419
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $352K
- **Initial approval:** $352K
- **Forgiven:** $354K (101%)
- **Forgiveness date:** 09/15/2021
- **Status:** Paid in Full
- **Term:** 59 months
## Use of funds
- **Payroll:** $352K
- **Jobs reported:** 22
## Lender
- **Originating:** Capital One, National Association
- **Servicing:** Capital One, National Association (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*