# PPP loan: BASIC MACHINERY COMPANY INC
> **$491K** approved 04/17/2021 · Paid in Full · Loan `5221208804`
## Borrower
- **Name:** BASIC MACHINERY COMPANY INC
- **Address:** 1220 Harold Andrews Rd, Siler City, NC, 27344-9170
- **NAICS:** 333120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $491K
- **Initial approval:** $491K
- **Forgiven:** $494K (101%)
- **Forgiveness date:** 11/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $491K
- **Utilities:** $1
- **Jobs reported:** 52
## Lender
- **Originating:** The Fidelity Bank
- **Servicing:** The Fidelity Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*