# PPP loan: DAVIESS-MARTIN COUNTY RURAL TELEPHONE CORPORATION
> **$511K** approved 04/10/2020 · Paid in Full · Loan `1563287104`
## Borrower
- **Name:** DAVIESS-MARTIN COUNTY RURAL TELEPHONE CORPORATION
- **Address:** 244 N MAIN ST, MONTGOMERY, IN, 47558-4510
- **NAICS:** 517312
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $511K
- **Initial approval:** $511K
- **Forgiven:** $516K (101%)
- **Forgiveness date:** 03/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $511K
- **Jobs reported:** 24
## Lender
- **Originating:** German American Bank
- **Servicing:** German American Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*