PPP Loan information for Xcel products incorporated

$206,500

Xcel products incorporated was initially approved for PPP Loan of amount $206,500, the current approved amount is $206,500. The loan was approved on 04/10/2020 by The Old National Bank reported 18 jobs and $206,500 was used to fund payroll.

Xcel products incorporated is Existing or more than 2 years old

PPP Loan Search / MN / CHAMPLIN / Xcel products incorporated

XCEL PRODUCTS INCORPORATED

Date Approved

04/10/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

XCEL PRODUCTS INCORPORATED

Borrower Address

8900 109TH AVE N #500

Borrower City

CHAMPLIN

Borrower State

MN

Borrower Zip

55316-3140

Loan Status Date

04/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

206500.00

Current Approval Amount

206500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21641

Servicing Lender Name

Old National Bank

Servicing Lender Address

One Main St

Servicing Lender City

EVANSVILLE

Servicing Lender State

IN

Servicing Lender Zip

47708-1449

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CHAMPLIN

Project County Name

HENNEPIN

Project State

MN

Project Zip

55316-3140

CD

MN-03

Jobs Reported

18

NAICS Code

238130

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

206500.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

21641

Originating Lender

Old National Bank

Originating Lender City

EVANSVILLE

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

208395.27

Forgiveness Date

03/19/2021

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