# PPP loan: XELERATE, LLC
> **$547K** approved 04/14/2020 · Paid in Full · Loan `7245067110`
## Borrower
- **Name:** XELERATE, LLC
- **Address:** 681 Moore Road Ste 101, KING OF PRUSSIA, PA, 19406
- **NAICS:** 561312
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $547K
- **Initial approval:** $547K
- **Forgiven:** $554K (101%)
- **Forgiveness date:** 08/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $547K
- **Jobs reported:** 57
## Lender
- **Originating:** BayFirst National Bank
- **Servicing:** BayFirst National Bank (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*