# PPP loan: WELLMAN COOPERATIVE TELEPHONE ASSOCIATION
> **$157K** approved 02/22/2021 · Paid in Full · Loan `2991608504`
## Borrower
- **Name:** WELLMAN COOPERATIVE TELEPHONE ASSOCIATION
- **Address:** 305 8th Ave, Wellman, IA, 52356-9311
- **NAICS:** 511140
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $157K
- **Initial approval:** $157K
- **Forgiven:** $158K (101%)
- **Forgiveness date:** 09/01/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $157K
- **Utilities:** $1
- **Jobs reported:** 6
## Lender
- **Originating:** Federation Bank
- **Servicing:** Federation Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*