# PPP loan: GLOBAL SATCOM TECHNOLOGY INC.
> **$519K** approved 02/24/2021 · Paid in Full · Loan `3676058510`
## Borrower
- **Name:** GLOBAL SATCOM TECHNOLOGY INC.
- **Address:** 9141 Arbuckle Dr, Gaithersburg, MD, 20877-1428
- **NAICS:** 334220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $519K
- **Initial approval:** $519K
- **Forgiven:** $524K (101%)
- **Forgiveness date:** 01/28/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $519K
- **Utilities:** $1
- **Jobs reported:** 25
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*