# PPP loan: VALUE ADDED HVAC DISTRIBUTORS, INC.
> **$3.18M** approved 04/07/2020 · Paid in Full · Loan `7352077010`
## Borrower
- **Name:** VALUE ADDED HVAC DISTRIBUTORS, INC.
- **Address:** 2501 Waterford Lake Drive, MIDLOTHIAN, VA, 23112-4066
- **NAICS:** 423730
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.18M
- **Initial approval:** $3.18M
- **Forgiven:** $3.10M (98%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.18M
- **Jobs reported:** 190
## Lender
- **Originating:** TowneBank
- **Servicing:** TowneBank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*