# PPP loan: CELERIT, INC
> **$1.27M** approved 04/08/2020 · Paid in Full · Loan `8730837005`
## Borrower
- **Name:** CELERIT, INC
- **Address:** 216 Atkins Road, Little Rock, AR, 72211
- **NAICS:** 541513
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.27M
- **Initial approval:** $1.27M
- **Forgiven:** $1.28M (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.01M
- **Mortgage interest:** $127K
- **Utilities:** $127K
- **Jobs reported:** 63
## Lender
- **Originating:** First National Bank
- **Servicing:** First National Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*