# PPP loan: BASIC CARBIDE CORPORATION
> **$1.68M** approved 02/01/2021 · Paid in Full · Loan `1362088408`
## Borrower
- **Name:** BASIC CARBIDE CORPORATION
- **Address:** 900 Blythedale Rd, Buena Vista, PA, 15018
- **NAICS:** 331529
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.68M
- **Initial approval:** $1.68M
- **Forgiven:** $1.69M (101%)
- **Forgiveness date:** 09/07/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.68M
- **Utilities:** $1
- **Jobs reported:** 96
## Lender
- **Originating:** First Commonwealth Bank
- **Servicing:** First Commonwealth Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*