# PPP loan: AEROSPACE AMERICA
> **$300K** approved 04/06/2020 · Paid in Full · Loan `5948707000`
## Borrower
- **Name:** AEROSPACE AMERICA
- **Address:** 900 HARRY S TRUMAN PKWY, BAY CITY, MI, 48706-4114
- **NAICS:** 333413
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $300K
- **Initial approval:** $300K
- **Forgiven:** $303K (101%)
- **Forgiveness date:** 07/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $240K
- **Utilities:** $60K
- **Jobs reported:** 32
## Lender
- **Originating:** 1st State Bank
- **Servicing:** 1st State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*