# PPP loan: BARAGA TELEPHONE COMPANY
> **$545K** approved 04/09/2020 · Paid in Full · Loan `8962857010`
## Borrower
- **Name:** BARAGA TELEPHONE COMPANY
- **Address:** 204 STATE AVE, BARAGA, MI, 49908-9662
- **NAICS:** 517311
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $545K
- **Initial approval:** $545K
- **Forgiven:** $548K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $490K
- **Utilities:** $54K
- **Jobs reported:** 35
## Lender
- **Originating:** Range Bank
- **Servicing:** Range Bank (MI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*