Rainbow Telecommunications Association, INC

$784,900 PPP Loan in Everest, Kansas

Loan Details

Loan Number
5197127110
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$784,900
Current Approval
$784,900
Forgiveness Amount
$795,235
Forgiveness Date
Aug 5, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Rainbow Telecommunications Association, INC
Address
618 Main Street
State
Kansas
ZIP Code
66424-9136
Business Type
Cooperative
Industry (NAICS)
Administrative and Support and Waste Management (561421)
Business Age
Existing or more than 2 years old
Jobs Reported
49
Estimated Revenue
$9.3M
Rural/Urban
Rural
Congressional District
KS-02

Loan Use Breakdown

Payroll
$716,682
Rent
$3,250
Utilities
$28,968
Mortgage Interest
$36,000

Lender Information

Servicing Lender
Commerce Bank
Originating Lender
Commerce Bank

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