PPP borrower record

LEACO RURAL TELEPHONE COOP, INC. PPP loan record

Public SBA PPP loan record for LEACO RURAL TELEPHONE COOP, INC.. Review approval amount, forgiveness amount, lender fields, borrower location, and source limitations.

$709,600
Approved amount
$713,644
Forgiven amount
2020-04-28
Date approved

Borrower and loan details

Borrower
LEACO RURAL TELEPHONE COOP, INC.
Loan number
6944527209
Business type
Corporation
Business age
Existing or more than 2 years old
Borrower city
Hobbs
Borrower state
New Mexico
Borrower ZIP
88240
Jobs reported
40
Loan status
Paid in Full
Forgiveness date
2020-12-02
Servicing lender
Lea County State Bank
Originating lender
Lea County State Bank

Reported use of proceeds

Payroll
$524,000
Rent
$116,254
Utilities
$15,116
Mortgage interest
N/A
Health care
N/A
Debt interest
$54,230

Location pages

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Source note

PPP Loan Map uses SBA public PPP records and Geocodio's geocoded PPP dataset for latitude, longitude, and Census geography. Map pins are geocoded estimates, not verified current business locations. Records are public administrative data, not legal findings.