# PPP loan: ROCHESTER TELEPHONE COMPANY INC
> **$909K** approved 02/04/2021 · Paid in Full · Loan `3393398409`
## Borrower
- **Name:** ROCHESTER TELEPHONE COMPANY INC
- **Address:** 117 W 8th St, Rochester, IN, 46975-1509
- **NAICS:** 517311
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $909K
- **Initial approval:** $909K
- **Forgiven:** $918K (101%)
- **Forgiveness date:** 02/10/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $909K
- **Utilities:** $1
- **Jobs reported:** 47
## Lender
- **Originating:** 1st Source Bank
- **Servicing:** 1st Source Bank (IN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*