# PPP loan: COMSAT, INC.
> **$6.99M** approved 04/11/2020 · Paid in Full · Loan `2889877109`
## Borrower
- **Name:** COMSAT, INC.
- **Address:** 2550 Wasser Terrace Suite 6000, Herndon, VA, 20171-6382
- **NAICS:** 517410
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $6.99M
- **Initial approval:** $6.99M
- **Forgiven:** $7.07M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $6.12M
- **Rent:** $93K
- **Mortgage interest:** $91K
- **Utilities:** $187K
- **Health care:** $497K
- **Jobs reported:** 323
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*