# PPP loan: VALLEY DISTRIBUTORS, INC.
> **$1.63M** approved 04/05/2020 · Paid in Full · Loan `5378417004`
## Borrower
- **Name:** VALLEY DISTRIBUTORS, INC.
- **Address:** 2075 Lisbon Rd, LEWISTON, ME, 04240-1311
- **NAICS:** 424820
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.63M
- **Initial approval:** $1.63M
- **Forgiven:** $1.64M (101%)
- **Forgiveness date:** 12/01/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.30M
- **Rent:** $185K
- **Mortgage interest:** $140K
- **Jobs reported:** 131
## Lender
- **Originating:** Kennebec Savings Bank
- **Servicing:** Kennebec Savings Bank (ME)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*