# PPP loan: EXCEL CARGO SERVICES INC
> **$1.09M** approved 04/10/2020 · Paid in Full · Loan `1746907103`
## Borrower
- **Name:** EXCEL CARGO SERVICES INC
- **Address:** 4248 PIEDMONT PKWY, GREENSBORO, NC, 27410-8111
- **NAICS:** 488510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.09M
- **Initial approval:** $1.09M
- **Forgiven:** $1.10M (101%)
- **Forgiveness date:** 05/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $880K
- **Rent:** $100K
- **Health care:** $105K
- **Jobs reported:** 91
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*