# PPP loan: ALMA TELEPHONE COMPANY, INC.
> **$1.34M** approved 04/14/2020 · Paid in Full · Loan `6042217102`
## Borrower
- **Name:** ALMA TELEPHONE COMPANY, INC.
- **Address:** 405 W. 11TH ST, ALMA, GA, 31510-2117
- **NAICS:** 517311
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.34M
- **Initial approval:** $1.34M
- **Forgiven:** $1.35M (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.21M
- **Health care:** $139K
- **Jobs reported:** 80
## Lender
- **Originating:** Peoples Bank
- **Servicing:** Peoples Bank (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*