# PPP loan: VAL-PRO, INC
> **$2.64M** approved 04/06/2020 · Paid in Full · Loan `6280827005`
## Borrower
- **Name:** VAL-PRO, INC
- **Address:** 1601 E. OLYMPIC BLVD, LOS ANGELES, CA, 90021-1921
- **NAICS:** 424590
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.64M
- **Initial approval:** $2.64M
- **Forgiven:** $2.68M (101%)
- **Forgiveness date:** 08/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.22M
- **Rent:** $172K
- **Utilities:** $85K
- **Health care:** $172K
- **Jobs reported:** 233
## Lender
- **Originating:** American Business Bank
- **Servicing:** American Business Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*