ACCEL ALARM SYSTEMS, INC (AL) - 2020 PPP Loan Borrower Profile (# 9694287209)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACCEL ALARM SYSTEMS, INC. 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 Alabama.

Loan Detail

Loan Number

9694287209

SBA Office Code

0459

Processing Method

PPP

Curent Loan Amount

$176,578

Date Loan was Approved

Apr 28, 2020

Amount Forgiven

$164,225.39

Date Loan was Forgiven

Jan 6, 2022

Loan Status

Charged Off

Loan Term

35 Months

Utilities Proced

1,000

Payroll Proced

174,578

Rent Proceed

1,000

Lender

First Source Federal Credit Union

Business Detail

Business Type

Subchapter S Corporation

NAICS

238210

Borrower Location

SCOTTSBORO, AL

Project Location

SCOTTSBORO, AL

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.