PPP Loan information for Valley distributing corporation

$344,200

Valley distributing corporation was initially approved for PPP Loan of amount $344,200, the current approved amount is $344,200. The loan was approved on 04/11/2020 by The Truist Bank reported 42 jobs and $344,200 was used to fund payroll.

Valley distributing corporation is Existing or more than 2 years old

PPP Loan Search / VA / SALEM / Valley distributing corporation

VALLEY DISTRIBUTING CORPORATION

Date Approved

04/11/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

VALLEY DISTRIBUTING CORPORATION

Borrower Address

4488 ELMWOOD LN

Borrower City

SALEM

Borrower State

VA

Borrower Zip

24153-8534

Loan Status Date

05/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

344200.00

Current Approval Amount

344200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SALEM

Project County Name

ROANOKE

Project State

VA

Project Zip

24153-8534

CD

VA-06

Jobs Reported

42

NAICS Code

424810

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

344200.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

347393.41

Forgiveness Date

03/31/2021

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