# PPP loan: M. E. OLSON CONSTRUCTION  INC.
> **$156K** approved 03/16/2021 · Paid in Full · Loan `3180398601`
## Borrower
- **Name:** M. E. OLSON CONSTRUCTION  INC.
- **Address:** 601 S Il Route 83, Elmhurst, IL, 60126-4261
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $156K
- **Initial approval:** $156K
- **Forgiven:** $124K (79%)
- **Forgiveness date:** 01/12/2023
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $156K
- **Utilities:** $1
- **Jobs reported:** 8
## Lender
- **Originating:** Fifth Third Bank
- **Servicing:** Fifth Third Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*