Valley Machine Company, INC

$568,450 PPP Loan in Alexandria, Alabama

Loan Details

Loan Number
2842777106
Date Approved
Apr 11, 2020
Loan Status
Paid in Full
Initial Approval
$568,450
Current Approval
$568,450
Forgiveness Amount
$579,724
Forgiveness Date
Mar 31, 2022
Term
60 months
Draw
First Draw

Business Information

Business Name
Valley Machine Company, INC
Address
100 Vmc Dr
State
Alabama
ZIP Code
36250-5350
Business Type
Corporation
Industry (NAICS)
Manufacturing (339999)
Business Age
Existing or more than 2 years old
Jobs Reported
49
Estimated Revenue
$13.7M
Rural/Urban
Rural
Congressional District
AL-03

Loan Use Breakdown

Payroll
$426,338
Utilities
$47,371
Health Care
$47,370
Mortgage Interest
$47,371

Lender Information

Servicing Lender
Pnc Bank, National Association
Originating Lender
First Source Federal Credit Union

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