# PPP loan: OLSON GRAVEL INC.
> **$156K** approved 04/08/2020 · Paid in Full · Loan `8580877010`
## Borrower
- **Name:** OLSON GRAVEL INC.
- **Address:** 34508 STATE HIGHWAY 92 SE, TRAIL, MN, 56684-4058
- **NAICS:** 212321
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $156K
- **Initial approval:** $156K
- **Forgiven:** $158K (101%)
- **Forgiveness date:** 03/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $156K
- **Jobs reported:** 18
## Lender
- **Originating:** American Federal Bank
- **Servicing:** American Federal Bank (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*