ACTION INDUSTRIAL SUPPLY INC. (NC) - 2020 PPP Loan Borrower Profile (# 5675127105)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACTION INDUSTRIAL SUPPLY 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 North Carolina.

Loan Detail

Loan Number

5675127105

SBA Office Code

0460

Processing Method

PPP

Curent Loan Amount

$409,300

Date Loan was Approved

Apr 13, 2020

Amount Forgiven

$409,427.49

Date Loan was Forgiven

Jun 11, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

409,300

Lender

Truist Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

333318

Borrower Location

STATESVILLE, NC

Project Location

STATESVILLE, NC

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.