Olson & Sons Electric, INC
$192,000 PPP Loan in Monticello, Minnesota
Loan Details
- Loan Number
- 6094137006
- Date Approved
- Apr 6, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $192,000
- Current Approval
- $192,000
- Forgiveness Amount
- $193,872
- Forgiveness Date
- Mar 31, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Olson & Sons Electric, INC
- Address
- 19 Sandberg Road Po Box 686
- City
- Monticello
- State
- Minnesota
- ZIP Code
- 55362-0686
- Business Type
- Corporation
- Industry (NAICS)
- Construction (238210)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 13
- Estimated Revenue
- <$5M
- Rural/Urban
- Rural
- Congressional District
- MN-06
Loan Use Breakdown
- Payroll
- $144,000
- Rent
- $38,400
- Utilities
- $9,600
Lender Information
- Servicing Lender
- First Bank Elk River
- Originating Lender
- First Bank Elk River
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