# PPP loan: EXCEL HOBBY BLADES CORP
> **$201K** approved 04/10/2021 · Paid in Full · Loan `1495848807`
## Borrower
- **Name:** EXCEL HOBBY BLADES CORP
- **Address:** 481 Getty Ave, Paterson, NJ, 07503-1313
- **NAICS:** 339940
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $201K
- **Initial approval:** $201K
- **Forgiven:** $204K (101%)
- **Forgiveness date:** 07/05/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $201K
- **Utilities:** $1
- **Jobs reported:** 29
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*