# PPP loan: BIOTRIAL, INC.
> **$385K** approved 05/05/2020 · Paid in Full · Loan `1949647402`
## Borrower
- **Name:** BIOTRIAL, INC.
- **Address:** 130 Norfolk Street, NEWARK, NJ, 07103
- **NAICS:** 541714
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $385K
- **Initial approval:** $413K
- **Forgiven:** $343K (89%)
- **Forgiveness date:** 08/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $270K
- **Mortgage interest:** $58K
- **Utilities:** $39K
- **Health care:** $19K
- **Jobs reported:** 21
## Lender
- **Originating:** Blue Ridge Bank, National Association
- **Servicing:** Blue Ridge Bank, National Association (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*