# PPP loan: THE CHAMPLAIN TELEPHONE COMPANY
> **$503K** approved 04/10/2020 · Paid in Full · Loan `1586347101`
## Borrower
- **Name:** THE CHAMPLAIN TELEPHONE COMPANY
- **Address:** 11118 state route 9, CHAMPLAIN, NY, 12919
- **NAICS:** 517311
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $503K
- **Initial approval:** $503K
- **Forgiven:** $509K (101%)
- **Forgiveness date:** 05/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $377K
- **Mortgage interest:** $63K
- **Utilities:** $63K
- **Jobs reported:** 28
## Lender
- **Originating:** NBT Bank, National Association
- **Servicing:** NBT Bank, National Association (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*