# PPP loan: BASIC FIBRES, INC.
> **$528K** approved 04/27/2020 · Paid in Full · Loan `5378147202`
## Borrower
- **Name:** BASIC FIBRES, INC.
- **Address:** 6019 S. Manhattan Place, Los Angeles, CA, 90047
- **NAICS:** 423930
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $528K
- **Initial approval:** $528K
- **Forgiven:** $533K (101%)
- **Forgiveness date:** 05/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $528K
- **Jobs reported:** 37
## Lender
- **Originating:** US Bank National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*