# PPP loan: CV INDUSTRIES, INC.
> **$8.58M** approved 04/09/2020 · Paid in Full · Loan `9084847007`
## Borrower
- **Name:** CV INDUSTRIES, INC.
- **Address:** 1000 Perkins RD SE 0.0, Valdese, NC, 28690-9749
- **NAICS:** 313210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $8.58M
- **Initial approval:** $8.58M
- **Forgiven:** $8.69M (101%)
- **Forgiveness date:** 08/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $6.67M
- **Rent:** $38K
- **Mortgage interest:** $71K
- **Utilities:** $758K
- **Health care:** $537K
- **Debt interest:** $500K
- **Jobs reported:** 500
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*