# PPP loan: VALLEY MACHINING CO.
> **$1.24M** approved 04/05/2020 · Paid in Full · Loan `5343037008`
## Borrower
- **Name:** VALLEY MACHINING CO.
- **Address:** 1250 22ND AVE, ROCK VALLEY, IA, 51247-1443
- **NAICS:** 332710
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.24M
- **Initial approval:** $1.24M
- **Forgiven:** $1.25M (101%)
- **Forgiveness date:** 04/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.24M
- **Jobs reported:** 109
## Lender
- **Originating:** Peoples Bank
- **Servicing:** Peoples Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*