# PPP loan: VALLEY BULK INC
> **$1.07M** approved 04/09/2020 · Paid in Full · Loan `8872427006`
## Borrower
- **Name:** VALLEY BULK INC
- **Address:** 17649 TURNER RD, VICTORVILLE, CA, 92394-8716
- **NAICS:** 484220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.07M
- **Initial approval:** $1.06M
- **Forgiven:** $1.07M (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.07M
- **Jobs reported:** 94
## Lender
- **Originating:** VelocitySBA, LLC
- **Servicing:** VelocitySBA, LLC (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*