Olsen Custom Farms LLC
$315,500 PPP Loan in Hendricks, Minnesota
Loan Details
- Loan Number
- 6066937002
- Date Approved
- Apr 6, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $315,500
- Current Approval
- $567,600
- Forgiveness Amount
- $570,955
- Forgiveness Date
- Feb 16, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Olsen Custom Farms LLC
- Address
- 1355 300th St
- City
- Hendricks
- State
- Minnesota
- ZIP Code
- 56136-4142
- Business Type
- Limited Liability Company(llc)
- Industry (NAICS)
- Agriculture, Forestry, Fishing and Hunting (111150)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 45
- Estimated Revenue
- <$5M
- Rural/Urban
- Rural
- Congressional District
- MN-07
Loan Use Breakdown
- Payroll
- $454,080
- Rent
- $22,704
- Utilities
- $22,704
- Health Care
- $22,704
- Mortgage Interest
- $22,704
- Debt Interest
- $22,704
Lender Information
- Servicing Lender
- Americana Community Bank
- Originating Lender
- Americana Community Bank
Other PPP Loans in Hendricks, MN
| Business | Approved | |
|---|---|---|
| Hendricks Community Hospital Assn. and Retirement Home | $1,431,800 |  Research |
| Olsen Custom Farms LLC | $777,447 | Research |
| Hendricks Farmers Elevator | $118,100 | Research |
| The Hendricks Farmers Lumber Company | $92,500 | Research |
| Kirkvold Oil Company | $86,400 | Research |
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