# PPP loan: BASMAT INC.
> **$1.82M** approved 03/13/2021 · Paid in Full · Loan `1801218609`
## Borrower
- **Name:** BASMAT INC.
- **Address:** 1531 240th St, Harbor City, CA, 90710-1308
- **NAICS:** 336411
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.82M
- **Initial approval:** $1.82M
- **Forgiven:** $1.84M (101%)
- **Forgiveness date:** 03/16/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.82M
- **Utilities:** $1
- **Jobs reported:** 90
## Lender
- **Originating:** American Business Bank
- **Servicing:** American Business Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*