# PPP loan: VALLEY HOTEL, INC
> **$312K** approved 04/14/2020 · Paid in Full · Loan `6889267101`
## Borrower
- **Name:** VALLEY HOTEL, INC
- **Address:** 606 S ALASKA STREET, PALMER, AK, 99645
- **NAICS:** 721110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $312K
- **Initial approval:** $312K
- **Forgiven:** $315K (101%)
- **Forgiveness date:** 05/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $238K
- **Rent:** $67K
- **Utilities:** $7K
- **Jobs reported:** 47
## Lender
- **Originating:** First National Bank Alaska
- **Servicing:** First National Bank Alaska (AK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*