# PPP loan: VALDOSTA POWER EQUIPMENT, INC.
> **$237K** approved 04/07/2020 · Paid in Full · Loan `7559247010`
## Borrower
- **Name:** VALDOSTA POWER EQUIPMENT, INC.
- **Address:** 2322 Bemiss Road, Valdosta, GA, 31602-1935
- **NAICS:** 444210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $237K
- **Initial approval:** $237K
- **Forgiven:** $240K (101%)
- **Forgiveness date:** 07/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $237K
- **Jobs reported:** 58
## Lender
- **Originating:** Citizens Community Bank
- **Servicing:** Citizens Community Bank (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*