PPP Loan information for Val-u-chem inc

$350,500

Val-u-chem inc was initially approved for PPP Loan of amount $302,500, the current approved amount is $350,500. The loan was approved on 04/08/2020 by The Western Alliance Bank reported 29 jobs and $350,500 was used to fund payroll.

Val-u-chem inc is Existing or more than 2 years old

PPP Loan Search / AZ / PHOENIX / Val-u-chem inc

VAL-U-CHEM INC

Date Approved

04/08/2020

SBA Office Code

0988

Processing Method

PPP

Borrower Name

VAL-U-CHEM INC

Borrower Address

2219 E UNIVERSITY DR

Borrower City

PHOENIX

Borrower State

AZ

Borrower Zip

85034-0611

Loan Status Date

02/24/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

302500.00

Current Approval Amount

350500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

317920

Servicing Lender Name

Western Alliance Bank

Servicing Lender Address

1 E Washington St

Servicing Lender City

PHOENIX

Servicing Lender State

AZ

Servicing Lender Zip

85004-2492

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

PHOENIX

Project County Name

MARICOPA

Project State

AZ

Project Zip

85034-0611

CD

AZ-03

Jobs Reported

29

NAICS Code

423840

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

7000.00

Payroll Proceed

296700.00

Mortgage Interest Proceed

0.00

Rent Proceed

17500.00

Refinance EIDL Proceed

0.00

Health Care Proceed

5300.00

Debt Interest Proceed

24000

Business Type

Corporation

Originating Lender Location Id

317920

Originating Lender

Western Alliance Bank

Originating Lender City

PHOENIX

Originating Lender State

AZ

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

353206.64

Forgiveness Date

01/20/2021

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