# PPP loan: VALCON DEVELOPMENT INC
> **$257K** approved 03/12/2021 · Charged Off · Loan `9138638507`
## Borrower
- **Name:** VALCON DEVELOPMENT INC
- **Address:** 20810 Cross Island Pkwy, Bayside, NY, 11360-1187
- **NAICS:** 236118
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $257K
- **Initial approval:** $257K
- **Status:** Charged Off
- **Term:** 29 months
## Use of funds
- **Payroll:** $257K
- **Utilities:** $1
- **Jobs reported:** 18
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*