# PPP loan: RAINBOW TELECOMMUNICATIONS ASSOCIATION, INC
> **$785K** approved 04/13/2020 · Paid in Full · Loan `5197127110`
## Borrower
- **Name:** RAINBOW TELECOMMUNICATIONS ASSOCIATION, INC
- **Address:** 618 Main Street, EVEREST, KS, 66424-9136
- **NAICS:** 561421
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $785K
- **Initial approval:** $785K
- **Forgiven:** $795K (101%)
- **Forgiveness date:** 08/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $717K
- **Rent:** $3K
- **Mortgage interest:** $36K
- **Utilities:** $29K
- **Jobs reported:** 49
## Lender
- **Originating:** Commerce Bank
- **Servicing:** Commerce Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*