# PPP loan: WALLACE TRUCK & EQUIPMENT SALES INC.
> **$169K** approved 02/17/2021 · Paid in Full · Loan `9531868404`
## Borrower
- **Name:** WALLACE TRUCK & EQUIPMENT SALES INC.
- **Address:** 5007 Inner Perimeter Rd, Valdosta, GA, 31601-2422
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $169K
- **Initial approval:** $169K
- **Forgiven:** $170K (101%)
- **Forgiveness date:** 11/01/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $169K
- **Utilities:** $1
- **Jobs reported:** 13
## Lender
- **Originating:** Colony Bank
- **Servicing:** Colony Bank (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*