# PPP loan: OLSEN-BEAL ASSOCIATES
> **$1.84M** approved 04/27/2020 · Paid in Full · Loan `5558347200`
## Borrower
- **Name:** OLSEN-BEAL ASSOCIATES
- **Address:** 1490 West 200 South, LINDON, UT, 84042
- **NAICS:** 237130
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.84M
- **Initial approval:** $1.84M
- **Forgiven:** $1.86M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.80M
- **Rent:** $17K
- **Utilities:** $9K
- **Debt interest:** $19K
- **Jobs reported:** 75
## Lender
- **Originating:** Deerwood Bank
- **Servicing:** Deerwood Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*