PPP Loan information for Leaco rural telephone coop, inc.

$709,600

Leaco rural telephone coop, inc. was initially approved for PPP Loan of amount $709,600, the current approved amount is $709,600. The loan was approved on 04/28/2020 by The Lea County State Bank reported 40 jobs and $709,600 was used to fund payroll.

Leaco rural telephone coop, inc. is Existing or more than 2 years old

PPP Loan Search / NM / HOBBS / Leaco rural telephone coop, inc.

LEACO RURAL TELEPHONE COOP, INC.

Date Approved

04/28/2020

SBA Office Code

0682

Processing Method

PPP

Borrower Name

LEACO RURAL TELEPHONE COOP, INC.

Borrower Address

220 BROADWAY ST

Borrower City

HOBBS

Borrower State

NM

Borrower Zip

88240-6004

Loan Status Date

03/06/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

709600.00

Current Approval Amount

709600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

45791

Servicing Lender Name

Lea County State Bank

Servicing Lender Address

1017 N Turner

Servicing Lender City

HOBBS

Servicing Lender State

NM

Servicing Lender Zip

88240-5150

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HOBBS

Project County Name

LEA

Project State

NM

Project Zip

88240-6004

CD

NM-03

Jobs Reported

40

NAICS Code

517311

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

15116.00

Payroll Proceed

524000.00

Mortgage Interest Proceed

0.00

Rent Proceed

116254.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

54230

Business Type

Corporation

Originating Lender Location Id

45791

Originating Lender

Lea County State Bank

Originating Lender City

HOBBS

Originating Lender State

NM

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

713643.75

Forgiveness Date

12/02/2020

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