# PPP loan: XCEL STAFFING SOLUTIONS LLC
> **$8.96M** approved 04/13/2020 · Paid in Full · Loan `4746167110`
## Borrower
- **Name:** XCEL STAFFING SOLUTIONS LLC
- **Address:** 1541 S WAUKEGAN RD, WAUKEGAN, IL, 60085-6727
- **NAICS:** 561311
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $8.96M
- **Initial approval:** $8.96M
- **Forgiven:** $6.10M (68%)
- **Forgiveness date:** 01/05/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $6.72M
- **Rent:** $672K
- **Mortgage interest:** $672K
- **Utilities:** $896K
- **Jobs reported:** 500
## Lender
- **Originating:** Lake Forest Bank & Trust Company, National Association
- **Servicing:** Lake Forest Bank & Trust Company, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*