PPP Loan information for Xcel mechanical systems inc.

$2,630,300

Xcel mechanical systems inc. was initially approved for PPP Loan of amount $2,630,300, the current approved amount is $2,630,300. The loan was approved on 04/04/2020 by The American Business Bank reported 157 jobs and $2,630,300 was used to fund payroll.

Xcel mechanical systems inc. is Existing or more than 2 years old

PPP Loan Search / CA / GARDENA / Xcel mechanical systems inc.

XCEL MECHANICAL SYSTEMS INC.

Date Approved

04/04/2020

SBA Office Code

0914

Processing Method

PPP

Borrower Name

XCEL MECHANICAL SYSTEMS INC.

Borrower Address

1710 W 130TH ST

Borrower City

GARDENA

Borrower State

CA

Borrower Zip

90249-2004

Loan Status Date

03/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2630300.00

Current Approval Amount

2630300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

123001

Servicing Lender Name

American Business Bank

Servicing Lender Address

2400 E. Katella Ave. Ste 350

Servicing Lender City

Anaheim

Servicing Lender State

CA

Servicing Lender Zip

92806

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

GARDENA

Project County Name

LOS ANGELES

Project State

CA

Project Zip

90249-2004

CD

CA-43

Jobs Reported

157

NAICS Code

238220

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

446000.00

Payroll Proceed

2104300.00

Mortgage Interest Proceed

0.00

Rent Proceed

80000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

123001

Originating Lender

American Business Bank

Originating Lender City

Anaheim

Originating Lender State

CA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2652207.16

Forgiveness Date

02/16/2021

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