# PPP loan: PEOPLE TELEPHONE COOP INC
> **$1.85M** approved 04/27/2020 · Paid in Full · Loan `5956527201`
## Borrower
- **Name:** PEOPLE TELEPHONE COOP INC
- **Address:** P.O. BOX 228, QUITMAN, TX, 75783
- **NAICS:** 221118
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.85M
- **Initial approval:** $1.85M
- **Forgiven:** $1.87M (101%)
- **Forgiveness date:** 07/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.85M
- **Jobs reported:** 75
## Lender
- **Originating:** The City National Bank of Sulphur Springs
- **Servicing:** The City National Bank of Sulphur Springs (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*