# PPP loan: OLSON ENGINEERING, INC.
> **$2.75M** approved 04/07/2020 · Paid in Full · Loan `6982107006`
## Borrower
- **Name:** OLSON ENGINEERING, INC.
- **Address:** 355 W ROUND BUNCH RD, BRIDGE CITY, TX, 77611-2445
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.75M
- **Initial approval:** $2.75M
- **Forgiven:** $2.78M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.06M
- **Utilities:** $688K
- **Jobs reported:** 142
## Lender
- **Originating:** First Financial Bank
- **Servicing:** First Financial Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*