# PPP loan: BASIC ENGINEERING CONCEPTS AND TECHNOLOGIES, INC
> **$697K** approved 04/06/2020 · Paid in Full · Loan `6225737010`
## Borrower
- **Name:** BASIC ENGINEERING CONCEPTS AND TECHNOLOGIES, INC
- **Address:** 908 KING ST Suite LL, ALEXANDRIA, VA, 22314-3019
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $697K
- **Initial approval:** $697K
- **Forgiven:** $705K (101%)
- **Forgiveness date:** 06/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $697K
- **Jobs reported:** 43
## Lender
- **Originating:** United Bank
- **Servicing:** United Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*