# PPP loan: VALUE TOOL & ENGINEERING INC
> **$878K** approved 01/26/2021 · Paid in Full · Loan `6050618307`
## Borrower
- **Name:** VALUE TOOL & ENGINEERING INC
- **Address:** 2629 Foundation Dr, South Bend, IN, 46628-4332
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $878K
- **Initial approval:** $878K
- **Forgiven:** $884K (101%)
- **Forgiveness date:** 10/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $878K
- **Utilities:** $1
- **Jobs reported:** 66
## Lender
- **Originating:** 1st Source Bank
- **Servicing:** 1st Source Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*