# PPP loan: BASIC RESOURCES INC
> **$1.23M** approved 03/12/2021 · Paid in Full · Loan `9071798503`
## Borrower
- **Name:** BASIC RESOURCES INC
- **Address:** 1411 Broadway Fl 2, New York, NY, 10018-3420
- **NAICS:** 424320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.23M
- **Initial approval:** $1.23M
- **Forgiven:** $1.24M (101%)
- **Forgiveness date:** 10/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.23M
- **Utilities:** $1
- **Jobs reported:** 85
## Lender
- **Originating:** East West Bank
- **Servicing:** East West Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*