# PPP loan: STRATTON EQUITY COOPERATIVE COMPANY
> **$1.50M** approved 04/08/2020 · Paid in Full · Loan `8618907002`
## Borrower
- **Name:** STRATTON EQUITY COOPERATIVE COMPANY
- **Address:** 98 Colorado Ave PO Box 25, STRATTON, CO, 80836-1166
- **NAICS:** 424510
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.50M
- **Initial approval:** $1.50M
- **Forgiven:** $1.51M (101%)
- **Forgiveness date:** 01/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.50M
- **Jobs reported:** 108
## Lender
- **Originating:** Farmers and Merchants Bank of Colby
- **Servicing:** Farmers & Merchants Bank of Colby (KS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*