# PPP loan: ACCUMULATORS INC
> **$465K** approved 04/07/2020 · Paid in Full · Loan `7241977006`
## Borrower
- **Name:** ACCUMULATORS INC
- **Address:** 18435 MORTON ROAD, HOUSTON, TX, 77084-7796
- **NAICS:** 332420
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $465K
- **Initial approval:** $465K
- **Forgiven:** $470K (101%)
- **Forgiveness date:** 04/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $372K
- **Rent:** $47K
- **Utilities:** $47K
- **Jobs reported:** 36
## Lender
- **Originating:** Veritex Community Bank
- **Servicing:** Veritex Community Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*