Olson Fabrication, INC
$339,700 PPP Loan in Algoma, Wisconsin
Loan Details
- Loan Number
- 4389577007
- Date Approved
- Apr 3, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $339,700
- Current Approval
- $339,700
- Forgiveness Amount
- $342,050
- Forgiveness Date
- Dec 23, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Olson Fabrication, INC
- Address
- 1101 Perry Street
- City
- Algoma
- State
- Wisconsin
- ZIP Code
- 54201-1635
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Manufacturing (332313)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 32
- Estimated Revenue
- $7.8M
- Rural/Urban
- Rural
- Congressional District
- WI-08
Loan Use Breakdown
- Payroll
- $276,000
- Rent
- $13,700
- Utilities
- $27,000
- Health Care
- $12,000
- Debt Interest
- $11,000
Lender Information
- Servicing Lender
- Bank of Luxemburg
- Originating Lender
- Bank of Luxemburg
Other PPP Loans in Algoma, WI
| Business | Approved | |
|---|---|---|
| Ebert Enterprises LLC | $706,700 |  Research |
| Precision Machine Inc. | $555,327 | Research |
| Precision Machine, Inc. | $513,000 | Research |
| Algoma Medical Center | $499,455 | Research |
| Cti Hospitality, Inc. | $488,500 | Research |
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