# PPP loan: VALIANT STEEL & EQUIPMENT, INC
> **$525K** approved 04/12/2020 · Paid in Full · Loan `4003657103`
## Borrower
- **Name:** VALIANT STEEL & EQUIPMENT, INC
- **Address:** 2820 Mechanicsville Road, NORCROSS, GA, 30071-1718
- **NAICS:** 332996
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $525K
- **Initial approval:** $525K
- **Forgiven:** $536K (102%)
- **Forgiveness date:** 03/24/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $394K
- **Mortgage interest:** $66K
- **Utilities:** $66K
- **Jobs reported:** 32
## 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*