# PPP loan: ACTION ELECTRONICS, INC.
> **$179K** approved 04/08/2020 · Paid in Full · Loan `7978097007`
## Borrower
- **Name:** ACTION ELECTRONICS, INC.
- **Address:** 25 Walpole Park South Ste 9A, WALPOLE, MA, 02081-2522
- **NAICS:** 423610
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $179K
- **Initial approval:** $179K
- **Forgiven:** $180K (101%)
- **Forgiveness date:** 11/20/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $159K
- **Rent:** $17K
- **Utilities:** $3K
- **Jobs reported:** 14
## Lender
- **Originating:** Walpole Co-Operative Bank
- **Servicing:** Walpole Co-Operative Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*