# PPP loan: BASIN VALVE COMPANY
> **$604K** approved 04/07/2020 · Paid in Full · Loan `6816647009`
## Borrower
- **Name:** BASIN VALVE COMPANY
- **Address:** 1500 E BURNETT ST, SIGNAL HILL, CA, 90755-3516
- **NAICS:** 332911
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $604K
- **Initial approval:** $604K
- **Forgiven:** $610K (101%)
- **Forgiveness date:** 04/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $556K
- **Rent:** $37K
- **Utilities:** $10K
- **Jobs reported:** 39
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*