# PPP loan: TERRASAT COMMUNICATIONS INC.
> **$957K** approved 04/30/2020 · Paid in Full · Loan `7586447300`
## Borrower
- **Name:** TERRASAT COMMUNICATIONS INC.
- **Address:** 315 Digital Drive, Morgan Hill, CA, 95037
- **NAICS:** 334220
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $957K
- **Initial approval:** $957K
- **Forgiven:** $965K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $957K
- **Jobs reported:** 62
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*