# PPP loan: KALONA CO-OPERATIVE TELEPHONE COMPANY
> **$239K** approved 03/17/2021 · Paid in Full · Loan `3625228600`
## Borrower
- **Name:** KALONA CO-OPERATIVE TELEPHONE COMPANY
- **Address:** 510 B Ave, Kalona, IA, 52247-7720
- **NAICS:** 517311
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $239K
- **Initial approval:** $239K
- **Forgiven:** $241K (101%)
- **Forgiveness date:** 09/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $239K
- **Utilities:** $1
- **Jobs reported:** 19
## Lender
- **Originating:** Hills Bank and Trust Company
- **Servicing:** Hills Bank and Trust Company (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*