# PPP loan: STRATIS IOT, INC.
> **$905K** approved 04/28/2020 · Paid in Full · Loan `7190917205`
## Borrower
- **Name:** STRATIS IOT, INC.
- **Address:** 3721 Midvale Ave, PHILADELPHIA, PA, 19129
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $905K
- **Initial approval:** $905K
- **Forgiven:** $910K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $905K
- **Jobs reported:** 70
## Lender
- **Originating:** Meridian Bank
- **Servicing:** Meridian Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*