# PPP loan: ACTION FABRICATING INC.
> **$380K** approved 02/26/2021 · Paid in Full · Loan `4494928504`
## Borrower
- **Name:** ACTION FABRICATING INC.
- **Address:** 1244 Hawk St, Detroit Lakes, MN, 56501-6931
- **NAICS:** 332322
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $380K
- **Initial approval:** $380K
- **Forgiven:** $381K (100%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $380K
- **Utilities:** $1
- **Jobs reported:** 40
## Lender
- **Originating:** Midwest Bank
- **Servicing:** Midwest Bank (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*