PPP Loan information for Olsen motorsports inc.

$80,426

Olsen motorsports inc. was initially approved for PPP Loan of amount $80,426, the current approved amount is $80,426. The loan was approved on 02/04/2021 by The Fifth Third Bank reported 5 jobs and $80,426 was used to fund payroll.

Olsen motorsports inc. is Existing or more than 2 years old

PPP Loan Search / IL / Downers Grove / Olsen motorsports inc.

OLSEN MOTORSPORTS INC.

Date Approved

02/04/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

OLSEN MOTORSPORTS INC.

Borrower Address

2300 Wisconsin Ave Ste 226

Borrower City

Downers Grove

Borrower State

IL

Borrower Zip

60515-2240

Loan Status Date

01/20/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

80426.00

Current Approval Amount

80426.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

58036

Servicing Lender Name

Fifth Third Bank

Servicing Lender Address

38 Fountain Sq Plz

Servicing Lender City

CINCINNATI

Servicing Lender State

OH

Servicing Lender Zip

45263

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Downers Grove

Project County Name

DUPAGE

Project State

IL

Project Zip

60515-2240

CD

IL-06

Jobs Reported

5

NAICS Code

811111

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

80424.00

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

58036

Originating Lender

Fifth Third Bank

Originating Lender City

CINCINNATI

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

81120.79

Forgiveness Date

12/21/2021

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