PPP Loan information for Wellman cooperative telephone association

$156,795

Wellman cooperative telephone association was initially approved for PPP Loan of amount $156,795, the current approved amount is $156,795. The loan was approved on 02/22/2021 by The Federation Bank reported 6 jobs and $156,795 was used to fund payroll.

Wellman cooperative telephone association is Existing or more than 2 years old

PPP Loan Search / IA / Wellman / Wellman cooperative telephone association

WELLMAN COOPERATIVE TELEPHONE ASSOCIATION

Date Approved

02/22/2021

SBA Office Code

0736

Processing Method

PPP

Borrower Name

WELLMAN COOPERATIVE TELEPHONE ASSOCIATION

Borrower Address

305 8th Ave

Borrower City

Wellman

Borrower State

IA

Borrower Zip

52356-9311

Loan Status Date

10/06/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

156795.00

Current Approval Amount

156795.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24616

Servicing Lender Name

Federation Bank

Servicing Lender Address

300 S Iowa Ave

Servicing Lender City

Washington

Servicing Lender State

IA

Servicing Lender Zip

52353

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Wellman

Project County Name

WASHINGTON

Project State

IA

Project Zip

52356-9311

CD

IA-01

Jobs Reported

6

NAICS Code

511140

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

156793.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Cooperative

Originating Lender Location Id

24616

Originating Lender

Federation Bank

Originating Lender City

Washington

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

157581.12

Forgiveness Date

09/01/2021

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