# PPP loan: OLSON EXPLOSIVES, INC
> **$530K** approved 04/15/2020 · Paid in Full · Loan `1334287209`
## Borrower
- **Name:** OLSON EXPLOSIVES, INC
- **Address:** 1837 TROUT RUN RD, DECORAH, IA, 52101-7504
- **NAICS:** 212322
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $530K
- **Initial approval:** $530K
- **Forgiven:** $534K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $530K
- **Jobs reported:** 31
## Lender
- **Originating:** Decorah Bank & Trust Company
- **Servicing:** Decorah Bank & Trust Company (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*