# PPP loan: ACT EQUIPMENT SALES INC.
> **$666K** approved 04/10/2020 · Paid in Full · Loan `1167517110`
## Borrower
- **Name:** ACT EQUIPMENT SALES INC.
- **Address:** 740 MONROE WAY, PLACENTIA, CA, 92870-6308
- **NAICS:** 424720
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $666K
- **Initial approval:** $666K
- **Forgiven:** $672K (101%)
- **Forgiveness date:** 03/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $666K
- **Jobs reported:** 51
## Lender
- **Originating:** American Business Bank
- **Servicing:** American Business Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*