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Lane-Valente Industries INC

$4,636,385 PPP Loan in Smithtown, New York

Loan Details

Loan Number
2124067710
Date Approved
May 1, 2020
Loan Status
Paid in Full
Initial Approval
$4,636,385
Current Approval
$4,636,385
Forgiveness Amount
$4,697,220
Forgiveness Date
Aug 27, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Lane-Valente Industries INC
Address
98 Maple Ave
City
Smithtown
State
New York
ZIP Code
11787
Business Type
Corporation
Industry (NAICS)
Construction (236220)
Business Age
Existing or more than 2 years old
Jobs Reported
291
Estimated Revenue
$331.5M
Rural/Urban
Urban
Congressional District
NY-01

Loan Use Breakdown

Payroll
$3,602,048
Rent
$196,374
Utilities
$21,000
Health Care
$816,963

Lender Information

Servicing Lender
Jpmorgan Chase Bank, National Association
Originating Lender
Jpmorgan Chase Bank, National Association

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