# PPP loan: EXCEL GEAR, INC.
> **$182K** approved 04/14/2020 · Paid in Full · Loan `7418547100`
## Borrower
- **Name:** EXCEL GEAR, INC.
- **Address:** 11865 Main Street, ROSCOE, IL, 61073-8276
- **NAICS:** 333612
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $182K
- **Initial approval:** $182K
- **Forgiven:** $183K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $137K
- **Utilities:** $46K
- **Jobs reported:** 14
## Lender
- **Originating:** Northwest Bank of Rockford
- **Servicing:** Northwest Bank of Rockford (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*