# PPP loan: STRATO INC.
> **$2.16M** approved 04/07/2020 · Paid in Full · Loan `7628757004`
## Borrower
- **Name:** STRATO INC.
- **Address:** 100 NEW ENGLAND AVE, PISCATAWAY, NJ, 08854-4127
- **NAICS:** 336510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.16M
- **Initial approval:** $2.16M
- **Forgiven:** $2.18M (101%)
- **Forgiveness date:** 06/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.16M
- **Jobs reported:** 94
## Lender
- **Originating:** Peapack-Gladstone Bank
- **Servicing:** Peapack-Gladstone Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*