# PPP loan: VALLEY HOTEL INC.
> **$441K** approved 01/23/2021 · Paid in Full · Loan `4985428305`
## Borrower
- **Name:** VALLEY HOTEL INC.
- **Address:** 606 S Alaska St, Palmer, AK, 99645-6342
- **NAICS:** 721110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $441K
- **Initial approval:** $441K
- **Forgiven:** $446K (101%)
- **Forgiveness date:** 05/16/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $441K
- **Utilities:** $1
- **Jobs reported:** 46
## Lender
- **Originating:** First National Bank Alaska
- **Servicing:** First National Bank Alaska (AK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*