# PPP loan: ACTION INDUSTRIAL SUPPLY CO.
> **$916K** approved 04/04/2020 · Paid in Full · Loan `4608957004`
## Borrower
- **Name:** ACTION INDUSTRIAL SUPPLY CO.
- **Address:** 2400 Olthoff Dr., MUSKEGON, MI, 49444-2648
- **NAICS:** 423840
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $916K
- **Initial approval:** $916K
- **Forgiven:** $924K (101%)
- **Forgiveness date:** 03/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $916K
- **Jobs reported:** 77
## Lender
- **Originating:** Community Shores Bank, A Division of
- **Servicing:** ChoiceOne Bank (MI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*