Olsen-Beal Associates

$1,842,558 PPP Loan in Lindon, Utah

Loan Details

Loan Number
5558347200
Date Approved
Apr 27, 2020
Loan Status
Paid in Full
Initial Approval
$1,842,558
Current Approval
$1,842,558
Forgiveness Amount
$1,863,287
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Olsen-Beal Associates
Address
1490 West 200 South
City
Lindon
State
Utah
ZIP Code
84042
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (237130)
Business Age
Existing or more than 2 years old
Jobs Reported
75
Estimated Revenue
$23.2M
Rural/Urban
Urban
Congressional District
UT-03

Loan Use Breakdown

Payroll
$1,798,000
Rent
$17,000
Utilities
$8,558
Debt Interest
$19,000

Lender Information

Servicing Lender
Deerwood Bank
Originating Lender
Deerwood Bank

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