ACCEL (AZ) - 2020 PPP Loan Borrower Profile (# 5314997102)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACCEL. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Arizona.

Loan Detail

Loan Number

5314997102

SBA Office Code

0988

Processing Method

PPP

Curent Loan Amount

$2,079,418

Date Loan was Approved

Apr 13, 2020

Amount Forgiven

$2,111,475.69

Date Loan was Forgiven

Oct 28, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

173,284.83

Payroll Proced

1,559,563.5

Rent Proceed

173,284.83

Health Care Proceed

173,284.84

Lender

First Source Federal Credit Union

Business Detail

Business Type

Non-Profit Organization

NAICS

611110

Borrower Location

PHOENIX, AZ

Project Location

PHOENIX, AZ

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

319

Business Age Description

Existing or more than 2 years old

Data Source: SBA.