# PPP loan: STRAPS MANUFACTURING (N.J.) INC.
> **$172K** approved 04/14/2020 · Paid in Full · Loan `7961837106`
## Borrower
- **Name:** STRAPS MANUFACTURING (N.J.) INC.
- **Address:** 480 Braen Avenue, Wyckoff, NJ, 07481
- **NAICS:** 424310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $172K
- **Initial approval:** $172K
- **Forgiven:** $174K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $161K
- **Rent:** $11K
- **Jobs reported:** 7
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*