# PPP loan: XCEL PRODUCTS INCORPORATED
> **$207K** approved 04/10/2020 · Paid in Full · Loan `1253177100`
## Borrower
- **Name:** XCEL PRODUCTS INCORPORATED
- **Address:** 8900 109TH AVE N #500, CHAMPLIN, MN, 55316-3140
- **NAICS:** 238130
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $207K
- **Initial approval:** $207K
- **Forgiven:** $208K (101%)
- **Forgiveness date:** 03/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $207K
- **Jobs reported:** 18
## Lender
- **Originating:** Old National Bank
- **Servicing:** Old National Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*