PPP Loan information for Olson oil co. inc.

$249,900

Olson oil co. inc. was initially approved for PPP Loan of amount $249,900, the current approved amount is $249,900. The loan was approved on 04/13/2020 by The Alerus Financial, National Association reported 32 jobs and $249,900 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

04/13/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

OLSON OIL CO. INC.

Borrower Address

1425 WEST LINCOLN AVE

Borrower City

FERGUS FALLS

Borrower State

MN

Borrower Zip

56537-1005

Loan Status Date

07/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

249900.00

Current Approval Amount

249900.00

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

32

NAICS Code

454310

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

6000.00

Payroll Proceed

211800.00

Mortgage Interest Proceed

2100.00

Rent Proceed

10500.00

Refinance EIDL Proceed

0.00

Health Care Proceed

5500.00

Debt Interest Proceed

14000

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

252905.74

Forgiveness Date

06/29/2021

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