PPP Loan information for Olson & sons electric inc

$205,700

Olson & sons electric inc was initially approved for PPP Loan of amount $205,700, the current approved amount is $205,700. The loan was approved on 03/08/2021 by The First Bank Elk River reported 12 jobs and $205,700 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

03/08/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

OLSON & SONS ELECTRIC INC

Borrower Address

19 Sandberg Rd

Borrower City

Monticello

Borrower State

MN

Borrower Zip

55362

Loan Status Date

01/06/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

205700.00

Current Approval Amount

205700.00

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

CD

MN-06

Jobs Reported

12

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

205698.00

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

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

Non-Veteran

Non Profit

Forgiveness Amount

207334.17

Forgiveness Date

12/21/2021

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