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
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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