# PPP loan: XCEL PRODUCTS INCORPORATED
> **$179K** approved 01/23/2021 · Paid in Full · Loan `4842578307`
## Borrower
- **Name:** XCEL PRODUCTS INCORPORATED
- **Address:** 8900 109th Ave N Ste 500, Champlin, MN, 55316-3169
- **NAICS:** 424110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $179K
- **Initial approval:** $179K
- **Forgiven:** $181K (101%)
- **Forgiveness date:** 04/01/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $179K
- **Jobs reported:** 20
## Lender
- **Originating:** Old National Bank
- **Servicing:** Old National Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*