Olson Oil Co. Inc.
$249,900 PPP Loan in Fergus Falls, Minnesota
Loan Details
- Loan Number
- 5520557100
- Date Approved
- Apr 13, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $249,900
- Current Approval
- $249,900
- Forgiveness Amount
- $252,906
- Forgiveness Date
- Jun 29, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Olson Oil Co. Inc.
- Address
- 1425 West Lincoln Ave
- City
- Fergus Falls
- State
- Minnesota
- ZIP Code
- 56537-1005
- Business Type
- Corporation
- Industry (NAICS)
- Retail Trade (454310)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 32
- Estimated Revenue
- $7.6M
- Rural/Urban
- Rural
- Congressional District
- MN-07
Loan Use Breakdown
- Payroll
- $211,800
- Rent
- $10,500
- Utilities
- $6,000
- Health Care
- $5,500
- Mortgage Interest
- $2,100
- Debt Interest
- $14,000
Lender Information
- Servicing Lender
- Alerus Financial, National Association
- Originating Lender
- Alerus Financial, National Association
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