# PPP loan: XCEL LOGISTICS, INC
> **$193K** approved 05/10/2020 · Paid in Full · Loan `4607807406`
## Borrower
- **Name:** XCEL LOGISTICS, INC
- **Address:** 2755 BRITT CT, SAN JOSE, CA, 95148-2521
- **NAICS:** 488490
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $193K
- **Initial approval:** $37K
- **Forgiven:** $142K (74%)
- **Forgiveness date:** 10/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $193K
- **Jobs reported:** 17
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*