Jim Olson Motors, LLC

$480,000 PPP Loan in Sturgeon Bay, Wisconsin

Loan Details

Loan Number
6631117105
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$480,000
Current Approval
$480,000
Forgiveness Amount
$483,560
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Jim Olson Motors, LLC
Address
632 Green Bay Rd
ZIP Code
54235-3039
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Retail Trade (441110)
Franchise
General Motors, LLC (chevrolet, Buick, Gm, Cadillac) Dealer Sales and Service Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
54
Estimated Revenue
$13.6M
Rural/Urban
Rural
Congressional District
WI-08

Loan Use Breakdown

Payroll
$384,678
Rent
$50,000
Utilities
$38,322
Mortgage Interest
$7,000

Lender Information

Servicing Lender
Nicolet National Bank
Originating Lender
Nicolet National Bank

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