# PPP loan: VALLEY CRAFT INDUSTRIES INC.
> **$914K** approved 04/07/2020 · Paid in Full · Loan `6851337005`
## Borrower
- **Name:** VALLEY CRAFT INDUSTRIES INC.
- **Address:** 2001 SOUTH HIGHWAY 61, LAKE CITY, MN, 55041-9555
- **NAICS:** 333924
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $914K
- **Initial approval:** $914K
- **Forgiven:** $921K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $731K
- **Utilities:** $183K
- **Jobs reported:** 83
## Lender
- **Originating:** Merchants Bank, National Association
- **Servicing:** Merchants Bank, National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*