The Farmers Mutual Telephone Company of Stanton, Iowa

$295,000 PPP Loan in Stanton, Iowa

Loan Details

Loan Number
5327467008
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$295,000
Current Approval
$295,000
Forgiveness Amount
$296,770
Forgiveness Date
Nov 12, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
The Farmers Mutual Telephone Company of Stanton, Iowa
Address
410 Broad Ave
State
Iowa
ZIP Code
51573-8000
Business Type
Corporation
Industry (NAICS)
Information (517311)
Business Age
Existing or more than 2 years old
Jobs Reported
27
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
IA-03

Loan Use Breakdown

Payroll
$283,200
Utilities
$11,800

Lender Information

Servicing Lender
Houghton State Bank
Originating Lender
Houghton State Bank

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