# PPP loan: VALCONN ELECTRONICS INC.
> **$375K** approved 05/11/2021 · Paid in Full · Loan `8475638906`
## Borrower
- **Name:** VALCONN ELECTRONICS INC.
- **Address:** 909 Rahway Ave, Union, NJ, 07083-6549
- **NAICS:** 423690
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $375K
- **Initial approval:** $375K
- **Forgiven:** $381K (101%)
- **Forgiveness date:** 11/14/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $375K
- **Jobs reported:** 29
## Lender
- **Originating:** Itria Ventures LLC
- **Servicing:** Itria Ventures LLC (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*