# PPP loan: IMPOSSIBLE AEROSPACE CORPORATION
> **$440K** approved 04/13/2020 · Paid in Full · Loan `5506957106`
## Borrower
- **Name:** IMPOSSIBLE AEROSPACE CORPORATION
- **Address:** 2222 Ronald S, Santa Clara, CA, 95050
- **NAICS:** 336411
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $440K
- **Initial approval:** $440K
- **Forgiven:** $355K (81%)
- **Forgiveness date:** 01/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $355K
- **Mortgage interest:** $54K
- **Utilities:** $4K
- **Health care:** $27K
- **Jobs reported:** 18
## Lender
- **Originating:** Silicon Valley Bridge Bank NA
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*