# PPP loan: ACCELERATE MORTGAGE, LLC
> **$801K** approved 05/01/2020 · Paid in Full · Loan `1257947702`
## Borrower
- **Name:** ACCELERATE MORTGAGE, LLC
- **Address:** 750 PRIDES XING STE 303, NEWARK, DE, 19713
- **NAICS:** 522390
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $801K
- **Initial approval:** $801K
- **Forgiven:** $815K (102%)
- **Forgiveness date:** 01/25/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $632K
- **Rent:** $69K
- **Utilities:** $24K
- **Health care:** $77K
- **Jobs reported:** 67
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*