# PPP loan: VALLEY RACKS INC.
> **$189K** approved 03/10/2021 · Paid in Full · Loan `8673398504`
## Borrower
- **Name:** VALLEY RACKS INC.
- **Address:** 253 Ashmore Dr, Grenada, MS, 38901-8515
- **NAICS:** 332999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $189K
- **Initial approval:** $189K
- **Forgiven:** $191K (101%)
- **Forgiveness date:** 06/22/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $189K
- **Utilities:** $1
- **Jobs reported:** 19
## Lender
- **Originating:** Bank of Kilmichael
- **Servicing:** Bank of Kilmichael (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*