# PPP loan: MON-CRE TELEPHONE COOPERATIVE INC
> **$287K** approved 04/07/2020 · Paid in Full · Loan `7211797010`
## Borrower
- **Name:** MON-CRE TELEPHONE COOPERATIVE INC
- **Address:** 227 MAIN ST P O BOX 125, RAMER, AL, 36069-5736
- **NAICS:** 811213
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $287K
- **Initial approval:** $287K
- **Forgiven:** $288K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $229K
- **Utilities:** $57K
- **Jobs reported:** 15
## Lender
- **Originating:** First Citizens Bank
- **Servicing:** First Citizens Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*