PPP Loan information for Action industrial supply co.

$915,500

Action industrial supply co. was initially approved for PPP Loan of amount $915,500, the current approved amount is $915,500. The loan was approved on 04/04/2020 by The ChoiceOne Bank reported 77 jobs and $915,500 was used to fund payroll.

Action industrial supply co. is New Business or 2 years or less

PPP Loan Search / MI / MUSKEGON / Action industrial supply co.

ACTION INDUSTRIAL SUPPLY CO.

Date Approved

04/04/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

ACTION INDUSTRIAL SUPPLY CO.

Borrower Address

2400 Olthoff Dr.

Borrower City

MUSKEGON

Borrower State

MI

Borrower Zip

49444-2648

Loan Status Date

04/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

915500.00

Current Approval Amount

915500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36482

Servicing Lender Name

ChoiceOne Bank

Servicing Lender Address

109 E Division

Servicing Lender City

SPARTA

Servicing Lender State

MI

Servicing Lender Zip

49345-1337

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

MUSKEGON

Project County Name

MUSKEGON

Project State

MI

Project Zip

49444-2648

CD

MI-02

Jobs Reported

77

NAICS Code

423840

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

915500.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

36482

Originating Lender

ChoiceOne Bank

Originating Lender City

SPARTA

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

924153.36

Forgiveness Date

03/25/2021

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