# PPP loan: PERRY-SPENCER RURAL TELEPHONE COOPERATIVE
> **$1.08M** approved 04/07/2020 · Paid in Full · Loan `7231237003`
## Borrower
- **Name:** PERRY-SPENCER RURAL TELEPHONE COOPERATIVE
- **Address:** ST11877  E STATE ROAD 62, SAINT MEINRAD, IN, 47577-9676
- **NAICS:** 517311
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.08M
- **Initial approval:** $1.08M
- **Forgiven:** $1.08M (101%)
- **Forgiveness date:** 12/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.08M
- **Jobs reported:** 52
## Lender
- **Originating:** German American Bank
- **Servicing:** German American Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*