# PPP loan: ACCEL
> **$2.08M** approved 04/13/2020 · Paid in Full · Loan `5314997102`
## Borrower
- **Name:** ACCEL
- **Address:** 10251 N 35th Ave, PHOENIX, AZ, 85051-1305
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.08M
- **Initial approval:** $2.08M
- **Forgiven:** $2.11M (102%)
- **Forgiveness date:** 10/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.56M
- **Rent:** $173K
- **Utilities:** $173K
- **Health care:** $173K
- **Jobs reported:** 319
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*