# PPP loan: ACCEL ALARM SYSTEMS, INC
> **$177K** approved 04/28/2020 · Charged Off · Loan `9694287209`
## Borrower
- **Name:** ACCEL ALARM SYSTEMS, INC
- **Address:** 638 E WILLOW ST, SCOTTSBORO, AL, 35768
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $177K
- **Initial approval:** $177K
- **Forgiven:** $164K (93%)
- **Forgiveness date:** 01/06/2022
- **Status:** Charged Off
- **Term:** 35 months
## Use of funds
- **Payroll:** $175K
- **Rent:** $1K
- **Utilities:** $1K
- **Jobs reported:** 21
## 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*