# PPP loan: VALIANT ELECTRIC INC.
> **$289K** approved 04/13/2020 · Paid in Full · Loan `5708157100`
## Borrower
- **Name:** VALIANT ELECTRIC INC.
- **Address:** 5408 50TH ST, KENOSHA, WI, 53144-4400
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $289K
- **Initial approval:** $289K
- **Forgiven:** $291K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $289K
- **Jobs reported:** 16
## Lender
- **Originating:** First American Bank
- **Servicing:** First American Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*