# PPP loan: GLOBALSTAR, INC.
> **$4.97M** approved 04/12/2020 · Paid in Full · Loan `3786467106`
## Borrower
- **Name:** GLOBALSTAR, INC.
- **Address:** 1351 Holiday Square Blvd., COVINGTON, LA, 70433-6152
- **NAICS:** 517312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.97M
- **Initial approval:** $4.97M
- **Forgiven:** $5.03M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.97M
- **Jobs reported:** 255
## Lender
- **Originating:** Hancock Whitney Bank
- **Servicing:** Hancock Whitney Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*