Valdese, NC — PPP Loan Data
110 loans · $23.0M total · 92.7% forgiven
Valdese, North Carolina received 110 Paycheck Protection Program loans totaling $23.0M. The average loan in the city was $209,061 — above the national program average of approximately $67,000.
92.7% of loans in Valdese — totaling $23.2M — received SBA forgiveness. Forgiveness required borrowers to demonstrate that funds were used for qualifying expenses and that they maintained employee headcount and compensation levels during the covered period.
Among the largest disclosed recipients in Valdese were CV INDUSTRIES, INC. ($8,575,727), KELLEX CORPORATION INC ($2,877,585), and KELLEX CORPORATION ($2,000,000).
The most active industry sector in Valdese was Accommodation and Food Services with 10 loans worth $492,160, followed by Services to Buildings and Dwellings (7 loans).
Applicants in Valdese reported retaining 2,359 jobs through the program. These figures are self-reported and were not independently verified by the SBA. The majority of loans in this city — those under $150,000 — have borrower names withheld under FOIA Exemption 6.
Valdese is part of North Carolina, which received a total of thousands of PPP loans during the program period. City-level data is based on the borrower's self-reported city name; some variation in spelling may cause minor undercounting. See the methodology page for more detail on data limitations.
Top Industries in Valdese
| Industry | Loans | Total Approved | Forgiveness Rate |
|---|---|---|---|
| Accommodation and Food ServicesNAICS 7225 | 10 | $492,160 | 80.0% |
| Services to Buildings and DwellingsNAICS 5617 | 7 | $152,376 | 85.7% |
| Offices of PhysiciansNAICS 6211 | 6 | $1.6M | 83.3% |
| Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 4 | $37,270 | 100.0% |
| General Freight TruckingNAICS 4841 | 4 | $57,201 | 100.0% |
| Performing Arts CompaniesNAICS 7111 | 3 | $10,252 | 66.7% |
| Child Day Care ServicesNAICS 6244 | 3 | $21,840 | 100.0% |
| Other Professional, Scientific, and Technical ServicesNAICS 5419 | 3 | $33,497 | 100.0% |
| Clothing and Clothing Accessories RetailersNAICS 4481 | 3 | $31,820 | 100.0% |
| Residential Building ConstructionNAICS 2361 | 3 | $169,243 | 100.0% |
Largest Named Recipients in Valdese
Only loans ≥ $150,000 have publicly disclosed borrower names.