# PPP loan: PEDAL VALVES, INC.
> **$480K** approved 04/09/2020 · Paid in Full · Loan `9126307008`
## Borrower
- **Name:** PEDAL VALVES, INC.
- **Address:** 13625 RIVER RD, LULING, LA, 70070-4265
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $480K
- **Initial approval:** $480K
- **Forgiven:** $483K (101%)
- **Forgiveness date:** 12/04/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $384K
- **Mortgage interest:** $72K
- **Utilities:** $24K
- **Jobs reported:** 93
## Lender
- **Originating:** First American Bank & Trust
- **Servicing:** First American Bank & Trust (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*