# PPP loan: VALLEY ACOUSTICS INC.
> **$401K** approved 05/06/2020 · Paid in Full · Loan `2976717410`
## Borrower
- **Name:** VALLEY ACOUSTICS INC.
- **Address:** 1203 N. Meridian Rd., Youngstown, OH, 44509-1020
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $401K
- **Initial approval:** $401K
- **Forgiven:** $406K (101%)
- **Forgiveness date:** 09/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $401K
- **Jobs reported:** 20
## Lender
- **Originating:** Premier Bank
- **Servicing:** Premier Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*