PPP Loan information for X-cel industries inc

$1,271,168

X-cel industries inc was initially approved for PPP Loan of amount $1,144,300, the current approved amount is $1,271,168. The loan was approved on 04/07/2020 by The The Huntington National Bank reported 136 jobs and $1,271,168 was used to fund payroll.

X-cel industries inc is Existing or more than 2 years old

PPP Loan Search / MI / SOUTHFIELD / X-cel industries inc

X-CEL INDUSTRIES INC

Date Approved

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

X-CEL INDUSTRIES INC

Borrower Address

21121 Telegraph Rd,

Borrower City

SOUTHFIELD

Borrower State

MI

Borrower Zip

48033-4253

Loan Status Date

02/24/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1144300.00

Current Approval Amount

1271168.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

57328

Servicing Lender Name

The Huntington National Bank

Servicing Lender Address

17 S High St.

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43215-3413

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SOUTHFIELD

Project County Name

OAKLAND

Project State

MI

Project Zip

48033-4253

CD

MI-12

Jobs Reported

136

NAICS Code

811121

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1271168.00

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

Subchapter S Corporation

Originating Lender Location Id

57328

Originating Lender

The Huntington National Bank

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1280118.42

Forgiveness Date

01/06/2021

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