# PPP loan: VALLEY IRON INC.
> **$1.60M** approved 04/04/2020 · Paid in Full · Loan `4859937003`
## Borrower
- **Name:** VALLEY IRON INC.
- **Address:** 3114 Cherry, FRESNO, CA, 93706-5652
- **NAICS:** 331210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.60M
- **Initial approval:** $1.60M
- **Forgiven:** $1.62M (101%)
- **Forgiveness date:** 08/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.20M
- **Rent:** $200K
- **Utilities:** $200K
- **Jobs reported:** 115
## Lender
- **Originating:** Citizens Business Bank
- **Servicing:** Citizens Business Bank (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*