ACTION INDUSTRIAL SUPPLY CO. (MI) - 2020 PPP Loan Borrower Profile (# 4608957004)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACTION INDUSTRIAL SUPPLY CO.. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Michigan.

Loan Detail

Loan Number

4608957004

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$915,500

Date Loan was Approved

Apr 4, 2020

Amount Forgiven

$924,153.36

Date Loan was Forgiven

Mar 25, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

915,500

Lender

Community Shores Bank, A Division of

Business Detail

Business Type

Corporation

NAICS

423840

Borrower Location

MUSKEGON, MI

Project Location

MUSKEGON, MI

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.