# PPP loan: XCEL LOGISTICS INC
> **$157K** approved 04/03/2021 · Paid in Full · Loan `6227228707`
## Borrower
- **Name:** XCEL LOGISTICS INC
- **Address:** 2755 Britt Ct, San Jose, CA, 95148-2521
- **NAICS:** 484121
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $157K
- **Initial approval:** $157K
- **Forgiven:** $157K (101%)
- **Forgiveness date:** 11/10/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $157K
- **Jobs reported:** 15
## Lender
- **Originating:** Continental Bank
- **Servicing:** Continental Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*