Olson Explosives, INC
$529,762 PPP Loan in Decorah, Iowa
Loan Details
- Loan Number
- 1045278304
- Date Approved
- Jan 16, 2021
- Loan Status
- Paid in Full
- Initial Approval
- $529,762
- Current Approval
- $529,762
- Forgiveness Amount
- $531,867
- Forgiveness Date
- Jun 15, 2021
- Term
- 60 months
- Draw
- Second Draw
Business Information
- Business Name
- Olson Explosives, INC
- Address
- 1837 Trout Run Rd
- City
- Decorah
- State
- Iowa
- ZIP Code
- 52101-7504
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Mining, Quarrying, and Oil and Gas Extraction (212322)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 33
- Estimated Revenue
- <$5M
- Rural/Urban
- Rural
- Congressional District
- IA-02
Loan Use Breakdown
- Payroll
- $529,760
- Utilities
- $1
Lender Information
- Servicing Lender
- Decorah Bank & Trust Company
- Originating Lender
- Decorah Bank & Trust Company
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|---|---|---|
| Winneshiek Medical Center | $6,558,287 | |
| Bruening Rock Products, Inc. | $4,785,300 | |
| Iowa Rotocast Plastics, Inc. | $2,012,935 | |
| Iowa Rotocast Plastics Inc. | $2,000,000 | |
| Deco Products Company, Lllp | $1,750,000 |
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