# PPP loan: OLSON OIL CO
> **$1.49M** approved 01/22/2021 · Paid in Full · Loan `3554118310`
## Borrower
- **Name:** OLSON OIL CO
- **Address:** 951 S Marion Rd, Sioux Falls, SD, 57106-0238
- **NAICS:** 447190
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.49M
- **Initial approval:** $1.49M
- **Forgiven:** $1.50M (101%)
- **Forgiveness date:** 09/07/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.49M
- **Jobs reported:** 226
## Lender
- **Originating:** First Bank & Trust
- **Servicing:** First Bank & Trust (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*