PPP Loan information for Olson & sons electric, inc

$192,000

Olson & sons electric, inc was initially approved for PPP Loan of amount $192,000, the current approved amount is $192,000. The loan was approved on 04/06/2020 by The First Bank Elk River reported 13 jobs and $192,000 was used to fund payroll.

Olson & sons electric, inc is Existing or more than 2 years old

PPP Loan Search / MN / MONTICELLO / Olson & sons electric, inc

OLSON & SONS ELECTRIC, INC

Date Approved

04/06/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

OLSON & SONS ELECTRIC, INC

Borrower Address

19 Sandberg Road PO Box 686

Borrower City

MONTICELLO

Borrower State

MN

Borrower Zip

55362-0686

Loan Status Date

05/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

192000.00

Current Approval Amount

192000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38033

Servicing Lender Name

First Bank Elk River

Servicing Lender Address

812 Main St NW

Servicing Lender City

ELK RIVER

Servicing Lender State

MN

Servicing Lender Zip

55330-1575

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MONTICELLO

Project County Name

WRIGHT

Project State

MN

Project Zip

55362-0686

CD

MN-06

Jobs Reported

13

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

9600.00

Payroll Proceed

144000.00

Mortgage Interest Proceed

0.00

Rent Proceed

38400.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

38033

Originating Lender

First Bank Elk River

Originating Lender City

ELK RIVER

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

193872.00

Forgiveness Date

03/31/2021

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