ACTION MOVING SERVICES, INC. (MN) - 2020 PPP Loan Borrower Profile (# 5389097010)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACTION MOVING SERVICES, 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

5389097010

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$404,300

Date Loan was Approved

Apr 5, 2020

Amount Forgiven

$407,433.32

Date Loan was Forgiven

Jan 20, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

9,500

Payroll Proced

354,800

Rent Proceed

40,000

Lender

Merchants Bank, National Association

Business Detail

Business Type

Corporation

NAICS

484210

Borrower Location

BURNSVILLE, MN

Project Location

BURNSVILLE, MN

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.