BRUCE OLSON CONSTRUCTION, LLC (SD) - 2020 PPP Loan Borrower Profile (# 6031307001)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BRUCE OLSON CONSTRUCTION, LLC. 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 South Dakota.

Loan Detail

Loan Number

6031307001

SBA Office Code

0876

Processing Method

PPP

Curent Loan Amount

$101,700

Date Loan was Approved

Apr 6, 2020

Amount Forgiven

$102,349.21

Date Loan was Forgiven

Dec 4, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

12,712.5

Payroll Proced

76,275

Debt Interest Proceed

12,712.5

Lender

First Dakota National Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

236115

Borrower Location

LENNOX, SD

Project Location

LENNOX, SD

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.