PPP Loan information for Action manufacturing, inc

$318,160

Action manufacturing, inc was initially approved for PPP Loan of amount $318,160, the current approved amount is $318,160. The loan was approved on 04/07/2020 by The First Independent Bank reported 29 jobs and $318,160 was used to fund payroll.

Action manufacturing, inc is Existing or more than 2 years old

PPP Loan Search / MN / MARSHALL / Action manufacturing, inc

ACTION MANUFACTURING, INC

Date Approved

04/07/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

ACTION MANUFACTURING, INC

Borrower Address

1105 Lake Street

Borrower City

MARSHALL

Borrower State

MN

Borrower Zip

56258

Loan Status Date

02/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

318160.00

Current Approval Amount

318160.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38814

Servicing Lender Name

First Independent Bank

Servicing Lender Address

300 Front St

Servicing Lender City

RUSSELL

Servicing Lender State

MN

Servicing Lender Zip

56169

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MARSHALL

Project County Name

LYON

Project State

MN

Project Zip

56258-0001

CD

MN-07

Jobs Reported

29

NAICS Code

332999

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

13713.00

Payroll Proceed

225548.00

Mortgage Interest Proceed

0.00

Rent Proceed

65700.00

Refinance EIDL Proceed

0.00

Health Care Proceed

13199.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

38814

Originating Lender

First Independent Bank

Originating Lender City

RUSSELL

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

320228.04

Forgiveness Date

12/04/2020

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