# PPP loan: VAL TRANSPORT LLC
> **$813K** approved 04/28/2020 · Paid in Full · Loan `8120627200`
## Borrower
- **Name:** VAL TRANSPORT LLC
- **Address:** 701 BONA TERRA DR, PHARR, TX, 78577-8614
- **NAICS:** 484121
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $813K
- **Initial approval:** $813K
- **Forgiven:** $825K (102%)
- **Forgiveness date:** 11/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $732K
- **Rent:** $45K
- **Utilities:** $8K
- **Health care:** $16K
- **Debt interest:** $12K
- **Jobs reported:** 62
## Lender
- **Originating:** International Bank of Commerce
- **Servicing:** International Bank of Commerce (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*