PPP Loan information for Olson oil co inc

$247,400

Olson oil co inc was initially approved for PPP Loan of amount $247,400, the current approved amount is $247,400. The loan was approved on 01/31/2021 by The Alerus Financial, National Association reported 70 jobs and $247,400 was used to fund payroll.

Olson oil co inc is Existing or more than 2 years old

PPP Loan Search / MN / Fergus Falls / Olson oil co inc

OLSON OIL CO INC

Date Approved

01/31/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

OLSON OIL CO INC

Borrower Address

1425 W Lincoln Ave

Borrower City

Fergus Falls

Borrower State

MN

Borrower Zip

56537-1005

Loan Status Date

01/14/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

247400.00

Current Approval Amount

247400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52795

Servicing Lender Name

Alerus Financial, National Association

Servicing Lender Address

401 DeMers Ave

Servicing Lender City

GRAND FORKS

Servicing Lender State

ND

Servicing Lender Zip

58201-4574

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Fergus Falls

Project County Name

OTTER TAIL

Project State

MN

Project Zip

56537-1005

CD

MN-07

Jobs Reported

70

NAICS Code

454310

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

247398.00

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

52795

Originating Lender

Alerus Financial, National Association

Originating Lender City

GRAND FORKS

Originating Lender State

ND

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

249544.13

Forgiveness Date

12/14/2021

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