Mcdonough Telephone Cooperative, INC
$608,300 PPP Loan in Colchester, Illinois
Loan Details
- Loan Number
- 8978407009
- Date Approved
- Apr 9, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $608,300
- Current Approval
- $608,300
- Forgiveness Amount
- $612,100
- Forgiveness Date
- Dec 2, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Mcdonough Telephone Cooperative, INC
- Address
- 210 North Coal St
- City
- Colchester
- State
- Illinois
- ZIP Code
- 62326-1076
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Information (517919)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 38
- Estimated Revenue
- $6.4M
- Rural/Urban
- Urban
- Congressional District
- IL-15
Loan Use Breakdown
- Payroll
- $520,000
- Health Care
- $88,300
Lender Information
- Servicing Lender
- Fortress Bank
- Originating Lender
- Fortress Bank
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