PPP Loan information for X-cel industries inc.

$979,062

X-cel industries inc. was initially approved for PPP Loan of amount $979,062, the current approved amount is $979,062. The loan was approved on 01/28/2021 by The The Huntington National Bank reported 134 jobs and $979,062 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

01/28/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

X-CEL INDUSTRIES INC.

Borrower Address

21121 Telegraph Rd

Borrower City

Southfield

Borrower State

MI

Borrower Zip

48033-4253

Loan Status Date

08/17/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

979062.00

Current Approval Amount

979062.00

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

134

NAICS Code

332812

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

979058.00

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

983166.01

Forgiveness Date

07/06/2021

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