# PPP loan: XCEL ENGINEERING INC
> **$338K** approved 04/13/2020 · Paid in Full · Loan `4440927110`
## Borrower
- **Name:** XCEL ENGINEERING INC
- **Address:** 1066 COMMERCE PARK DR, OAK RIDGE, TN, 37830-8026
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $338K
- **Initial approval:** $338K
- **Forgiven:** $340K (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $338K
- **Jobs reported:** 36
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*