# PPP loan: GLOBAL SATCOM TECHNOLOGY, INC.
> **$519K** approved 04/13/2020 · Paid in Full · Loan `4194877101`
## Borrower
- **Name:** GLOBAL SATCOM TECHNOLOGY, INC.
- **Address:** 9141 Arbuckle Drive, GAITHERSBURG, MD, 20877-1428
- **NAICS:** 517410
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $519K
- **Initial approval:** $519K
- **Forgiven:** $525K (101%)
- **Forgiveness date:** 06/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $519K
- **Jobs reported:** 39
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*