PPP Loan information for Consolidated telephone company

$1,200,000

Consolidated telephone company was initially approved for PPP Loan of amount $1,200,000, the current approved amount is $1,200,000. The loan was approved on 04/06/2020 by The Deerwood Bank reported 63 jobs and $1,200,000 was used to fund payroll.

Consolidated telephone company is Existing or more than 2 years old

PPP Loan Search / MN / BRAINERD / Consolidated telephone company

CONSOLIDATED TELEPHONE COMPANY

Date Approved

04/06/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

CONSOLIDATED TELEPHONE COMPANY

Borrower Address

1102 MADISON ST

Borrower City

BRAINERD

Borrower State

MN

Borrower Zip

56401-4702

Loan Status Date

12/16/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1200000.00

Current Approval Amount

1200000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36772

Servicing Lender Name

Deerwood Bank

Servicing Lender Address

131 6th Ave South, Ste 100

Servicing Lender City

WAITE PARK

Servicing Lender State

MN

Servicing Lender Zip

56387-1360

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

BRAINERD

Project County Name

CROW WING

Project State

MN

Project Zip

56401-4702

CD

MN-08

Jobs Reported

63

NAICS Code

517311

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

35000.00

Payroll Proceed

962500.00

Mortgage Interest Proceed

2500.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

200000.00

Debt Interest Proceed

0

Business Type

Cooperative

Originating Lender Location Id

36772

Originating Lender

Deerwood Bank

Originating Lender City

WAITE PARK

Originating Lender State

MN

Gender

Female Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1207700.00

Forgiveness Date

11/27/2020

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