# PPP loan: EXXEL PACIFIC INC. EMPLOYEE STOCK OWNERSHIP PLAN
> **$2.00M** approved 03/15/2021 · Paid in Full · Loan `2756878602`
## Borrower
- **Name:** EXXEL PACIFIC INC. EMPLOYEE STOCK OWNERSHIP PLAN
- **Address:** 323A Telegraph Rd, Bellingham, WA, 98226-8751
- **NAICS:** 236220
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.00M
- **Initial approval:** $2.00M
- **Forgiven:** $2.02M (101%)
- **Forgiveness date:** 01/21/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.00M
- **Jobs reported:** 200
## Lender
- **Originating:** Peoples Bank
- **Servicing:** Peoples Bank (WA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*