# PPP loan: VALLEY MACHINE COMPANY, INC
> **$568K** approved 04/11/2020 · Paid in Full · Loan `2842777106`
## Borrower
- **Name:** VALLEY MACHINE COMPANY, INC
- **Address:** 100 VMC DR, ALEXANDRIA, AL, 36250-5350
- **NAICS:** 339999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $568K
- **Initial approval:** $568K
- **Forgiven:** $580K (102%)
- **Forgiveness date:** 03/31/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $426K
- **Mortgage interest:** $47K
- **Utilities:** $47K
- **Health care:** $47K
- **Jobs reported:** 49
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*