# PPP loan: VALOR CO., INC.
> **$163K** approved 04/29/2020 · Paid in Full · Loan `3045647300`
## Borrower
- **Name:** VALOR CO., INC.
- **Address:** 100 E STATE STREET, BELLE PLAINE, MN, 56011
- **NAICS:** 331210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $163K
- **Initial approval:** $163K
- **Forgiven:** $164K (101%)
- **Forgiveness date:** 12/04/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $122K
- **Mortgage interest:** $24K
- **Utilities:** $16K
- **Jobs reported:** 19
## Lender
- **Originating:** Frandsen Bank & Trust
- **Servicing:** Frandsen Bank & Trust (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*