# PPP loan: FEDERATED TELEPHONE COOPERATIVE
> **$412K** approved 04/08/2020 · Paid in Full · Loan `8044347000`
## Borrower
- **Name:** FEDERATED TELEPHONE COOPERATIVE
- **Address:** PO BOX 156, 405 2nd Street East, CHOKIO, MN, 56221-0156
- **NAICS:** 517311
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $412K
- **Initial approval:** $412K
- **Forgiven:** $416K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $412K
- **Jobs reported:** 19
## Lender
- **Originating:** Dacotah Bank
- **Servicing:** Dacotah Bank (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*