# PPP loan: STRATTON LUMBER INC
> **$775K** approved 05/01/2020 · Paid in Full · Loan `8488697306`
## Borrower
- **Name:** STRATTON LUMBER INC
- **Address:** 66 Fontaine Rd, STRATTON, ME, 04982-0160
- **NAICS:** 321113
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $775K
- **Initial approval:** $775K
- **Forgiven:** $782K (101%)
- **Forgiveness date:** 04/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $700K
- **Utilities:** $65K
- **Health care:** $10K
- **Jobs reported:** 73
## Lender
- **Originating:** First Pioneer Farm Credit,  ACA
- **Servicing:** First Pioneer Farm Credit,  ACA (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*