# PPP loan: AMERICAN AEROGEL CORP
> **$1.60M** approved 04/30/2020 · Paid in Full · Loan `4906537310`
## Borrower
- **Name:** AMERICAN AEROGEL CORP
- **Address:** 460 BUFFALO RD, ROCHESTER, NY, 14611-2000
- **NAICS:** 339999
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.60M
- **Initial approval:** $1.60M
- **Forgiven:** $1.61M (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.28M
- **Mortgage interest:** $320K
- **Jobs reported:** 109
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*