PPP Loan information for Machining & welding by olsen, inc.

$289,538

Machining & welding by olsen, inc. was initially approved for PPP Loan of amount $289,538, the current approved amount is $289,538. The loan was approved on 04/07/2020 by The The First National Bank of Cokato reported 25 jobs and $289,538 was used to fund payroll.

Machining & welding by olsen, inc. is Existing or more than 2 years old

PPP Loan Search / MN / COKATO / Machining & welding by olsen, inc.

MACHINING & WELDING BY OLSEN, INC.

Date Approved

04/07/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MACHINING & WELDING BY OLSEN, INC.

Borrower Address

250 Olsen Blvd

Borrower City

COKATO

Borrower State

MN

Borrower Zip

55321-9633

Loan Status Date

01/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

289537.71

Current Approval Amount

289537.71

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36741

Servicing Lender Name

The First National Bank of Cokato

Servicing Lender Address

365 Broadway Ave S

Servicing Lender City

COKATO

Servicing Lender State

MN

Servicing Lender Zip

55321-4292

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

COKATO

Project County Name

WRIGHT

Project State

MN

Project Zip

55321-9633

CD

MN-06

Jobs Reported

25

NAICS Code

331210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

289537.71

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

36741

Originating Lender

The First National Bank of Cokato

Originating Lender City

COKATO

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

291467.96

Forgiveness Date

12/10/2020

;