# PPP loan: XCELTECH, INC.
> **$868K** approved 05/01/2020 · Paid in Full · Loan `8706147304`
## Borrower
- **Name:** XCELTECH, INC.
- **Address:** 2136 GALLOWS RD STE F, DUNN LORING, VA, 22027-1036
- **NAICS:** 541512
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $868K
- **Initial approval:** $868K
- **Forgiven:** $879K (101%)
- **Forgiveness date:** 08/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $868K
- **Jobs reported:** 46
## Lender
- **Originating:** United Bank
- **Servicing:** United Bank (VA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*