PPP Loan information for Red river rural telephone association

$629,994

Red river rural telephone association was initially approved for PPP Loan of amount $629,994, the current approved amount is $629,994. The loan was approved on 02/25/2021 by The Vantage Bank reported 28 jobs and $629,994 was used to fund payroll.

Red river rural telephone association is Existing or more than 2 years old

PPP Loan Search / ND / Abercrombie / Red river rural telephone association

RED RIVER RURAL TELEPHONE ASSOCIATION

Date Approved

02/25/2021

SBA Office Code

0875

Processing Method

PPP

Borrower Name

RED RIVER RURAL TELEPHONE ASSOCIATION

Borrower Address

510 Broadway

Borrower City

Abercrombie

Borrower State

ND

Borrower Zip

58001-8118

Loan Status Date

01/31/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

629994.00

Current Approval Amount

629994.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38283

Servicing Lender Name

Vantage Bank

Servicing Lender Address

202 Main St

Servicing Lender City

KENT

Servicing Lender State

MN

Servicing Lender Zip

56553

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Abercrombie

Project County Name

RICHLAND

Project State

ND

Project Zip

58001-8118

CD

ND-

Jobs Reported

28

NAICS Code

517919

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

629989.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Cooperative

Originating Lender Location Id

38283

Originating Lender

Vantage Bank

Originating Lender City

KENT

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

633877.52

Forgiveness Date

10/14/2021

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