ACTION FABRICATING INC (MN) - 2020 PPP Loan Borrower Profile (# 6559147010)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACTION FABRICATING INC. 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 Minnesota.

Loan Detail

Loan Number

6559147010

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$370,000

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$372,432.88

Date Loan was Forgiven

Dec 14, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

370,000

Lender

Midwest Bank

Business Detail

Business Type

Corporation

NAICS

332999

Borrower Location

DETROIT LAKES, MN

Project Location

DETROIT LAKES, MN

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.