# PPP loan: THE BASEMENT, LLC
> **$175K** approved 04/10/2020 · Paid in Full · Loan `2018757102`
## Borrower
- **Name:** THE BASEMENT, LLC
- **Address:** 25 1/2 N BLOCK AVE, FAYETTEVILLE, AR, 72701-6018
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $175K
- **Initial approval:** $175K
- **Forgiven:** $177K (101%)
- **Forgiveness date:** 02/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $175K
- **Jobs reported:** 35
## Lender
- **Originating:** The Farmers & Merchants Bank
- **Servicing:** The Farmers & Merchants Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*