# PPP loan: VAL-PAK OF VIRGINIA INC
> **$183K** approved 02/12/2021 · Exemption 4 · Loan `8123438400`
## Borrower
- **Name:** VAL-PAK OF VIRGINIA INC
- **Address:** 22560 Glenn Dr Ste 111, Sterling, VA, 20164-4440
- **NAICS:** 541860
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $183K
- **Initial approval:** $183K
- **Forgiven:** $137K (75%)
- **Forgiveness date:** 12/09/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $183K
- **Jobs reported:** 7
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*