# PPP loan: EXCEL BUSINESS SYSTEMS INC
> **$385K** approved 04/11/2020 · Paid in Full · Loan `3640007105`
## Borrower
- **Name:** EXCEL BUSINESS SYSTEMS INC
- **Address:** 201 RUTHAR RD STE 10, Newark, DE, 19711
- **NAICS:** 423420
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $385K
- **Initial approval:** $385K
- **Forgiven:** $388K (101%)
- **Forgiveness date:** 03/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $288K
- **Rent:** $96K
- **Jobs reported:** 26
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*