ACTON CORPORATION (AL) - 2020 PPP Loan Borrower Profile (# 5616347101)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACTON CORPORATION. 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 Alabama.

Loan Detail

Loan Number

5616347101

SBA Office Code

0459

Processing Method

PPP

Curent Loan Amount

$249,200

Date Loan was Approved

Apr 13, 2020

Amount Forgiven

$252,593.22

Date Loan was Forgiven

Aug 27, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

36,388.71

Payroll Proced

204,853

Health Care Proceed

7,958.29

Lender

Community Bank of Mississippi

Business Detail

Business Type

Corporation

NAICS

621999

Borrower Location

CHELSEA, AL

Project Location

CHELSEA, AL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.