# PPP loan: VALLEY ELECTRIC COMPANY
> **$199K** approved 03/20/2021 · Paid in Full · Loan `5214208610`
## Borrower
- **Name:** VALLEY ELECTRIC COMPANY
- **Address:** 432 N Wood St, Fremont, OH, 43420-2561
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $199K
- **Initial approval:** $199K
- **Forgiven:** $202K (101%)
- **Forgiveness date:** 05/23/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $199K
- **Utilities:** $1
- **Jobs reported:** 9
## Lender
- **Originating:** The Croghan Colonial Bank
- **Servicing:** The Croghan Colonial Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*