# PPP loan: BASIL S. KINSON, INC.
> **$380K** approved 04/05/2020 · Exemption 4 · Loan `5339377002`
## Borrower
- **Name:** BASIL S. KINSON, INC.
- **Address:** 123 West Main Street, MERRIMAC, MA, 01860-2241
- **NAICS:** 485210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $380K
- **Initial approval:** $380K
- **Forgiven:** $228K (60%)
- **Forgiveness date:** 08/23/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $285K
- **Rent:** $48K
- **Utilities:** $48K
- **Jobs reported:** 45
## Lender
- **Originating:** Pentucket Bank
- **Servicing:** Pentucket Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*