# PPP loan: JOHN STRAFACH & SONS, INC.
> **$686K** approved 07/31/2020 · Paid in Full · Loan `1850468207`
## Borrower
- **Name:** JOHN STRAFACH & SONS, INC.
- **Address:** 1278 PO BOX, WESTERLY, RI, 02891-0900
- **NAICS:** 238110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $686K
- **Initial approval:** $686K
- **Forgiven:** $691K (101%)
- **Forgiveness date:** 06/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $686K
- **Jobs reported:** 65
## Lender
- **Originating:** The Washington Trust Company of Westerly
- **Servicing:** The Washington Trust Company of Westerly (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*