PPP Loan information for Excel business systems inc

$384,627

Excel business systems inc was initially approved for PPP Loan of amount $384,627, the current approved amount is $384,627. The loan was approved on 04/11/2020 by The Fulton Bank, National Association reported 26 jobs and $384,627 was used to fund payroll.

Excel business systems inc is Existing or more than 2 years old

PPP Loan Search / DE / Newark / Excel business systems inc

EXCEL BUSINESS SYSTEMS INC

Date Approved

04/11/2020

SBA Office Code

0341

Processing Method

PPP

Borrower Name

EXCEL BUSINESS SYSTEMS INC

Borrower Address

201 RUTHAR RD STE 10

Borrower City

Newark

Borrower State

DE

Borrower Zip

19711

Loan Status Date

04/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

384627.00

Current Approval Amount

384627.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

60701

Servicing Lender Name

Fulton Bank, National Association

Servicing Lender Address

One Penn Sq

Servicing Lender City

LANCASTER

Servicing Lender State

PA

Servicing Lender Zip

17602-2853

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Newark

Project County Name

NEW CASTLE

Project State

DE

Project Zip

19711-0001

CD

DE-

Jobs Reported

26

NAICS Code

423420

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

288471.00

Mortgage Interest Proceed

0.00

Rent Proceed

96156.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

60701

Originating Lender

Fulton Bank, National Association

Originating Lender City

LANCASTER

Originating Lender State

PA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

387981.80

Forgiveness Date

03/03/2021

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