# PPP loan: OLSEN CHAIN & CABLE CO INC
> **$608K** approved 01/17/2021 · Paid in Full · Loan `1494408301`
## Borrower
- **Name:** OLSEN CHAIN & CABLE CO INC
- **Address:** 7225 Washington Ave S, Minneapolis, MN, 55439-2403
- **NAICS:** 423840
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $608K
- **Initial approval:** $608K
- **Forgiven:** $614K (101%)
- **Forgiveness date:** 01/04/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $608K
- **Jobs reported:** 36
## Lender
- **Originating:** The First National Bank of Cokato
- **Servicing:** The First National Bank of Cokato (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*