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Consolidated Telephone Company

$1,200,000 PPP Loan in Brainerd, Minnesota

Loan Details

Loan Number
6298857001
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$1,200,000
Current Approval
$1,200,000
Forgiveness Amount
$1,207,700
Forgiveness Date
Nov 27, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Consolidated Telephone Company
Address
1102 Madison St
City
Brainerd
State
Minnesota
ZIP Code
56401-4702
Business Type
Cooperative
Industry (NAICS)
Information (517311)
Business Age
Existing or more than 2 years old
Jobs Reported
63
Estimated Revenue
$10.6M
Rural/Urban
Rural
Congressional District
MN-08

Loan Use Breakdown

Payroll
$962,500
Utilities
$35,000
Health Care
$200,000
Mortgage Interest
$2,500

Lender Information

Servicing Lender
Deerwood Bank
Originating Lender
Deerwood Bank

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