# PPP loan: THE FARMERS MUTUAL TELEPHONE COMPANY OF STANTON, IOWA
> **$295K** approved 04/05/2020 · Paid in Full · Loan `5327467008`
## Borrower
- **Name:** THE FARMERS MUTUAL TELEPHONE COMPANY OF STANTON, IOWA
- **Address:** 410 BROAD AVE, STANTON, IA, 51573-8000
- **NAICS:** 517311
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $295K
- **Initial approval:** $295K
- **Forgiven:** $297K (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $283K
- **Utilities:** $12K
- **Jobs reported:** 27
## Lender
- **Originating:** Houghton State Bank
- **Servicing:** Houghton State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*