# PPP loan: ACTION MANUFACTURING, INC
> **$318K** approved 04/07/2020 · Paid in Full · Loan `7387397001`
## Borrower
- **Name:** ACTION MANUFACTURING, INC
- **Address:** 1105 Lake Street, MARSHALL, MN, 56258
- **NAICS:** 332999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $318K
- **Initial approval:** $318K
- **Forgiven:** $320K (101%)
- **Forgiveness date:** 12/04/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $226K
- **Rent:** $66K
- **Utilities:** $14K
- **Health care:** $13K
- **Jobs reported:** 29
## Lender
- **Originating:** First Independent Bank
- **Servicing:** First Independent Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*