ADAM OLSON (MN) - 2020 PPP Loan Borrower Profile (# 2013507403)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADAM OLSON. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Minnesota.

Loan Detail

Loan Number

2013507403

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$20,833.32

Date Loan was Approved

May 5, 2020

Amount Forgiven

$20,972.59

Date Loan was Forgiven

Jan 7, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

2,500

Payroll Proced

15,384.61

Mortgage Interest Proceed

2,948.71

Lender

Integrity Bank Plus

Business Detail

Business Type

Self-Employed Individuals

NAICS

111199

Borrower Location

WINDOM, MN

Project Location

WINDOM, MN

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.