# PPP loan: XCEL MECHANICAL SYSTEMS INC.
> **$2.00M** approved 03/25/2021 · Paid in Full · Loan `8933738605`
## Borrower
- **Name:** XCEL MECHANICAL SYSTEMS INC.
- **Address:** 1710 W 130th St, Gardena, CA, 90249-2004
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.00M
- **Initial approval:** $2.00M
- **Forgiven:** $2.00M (100%)
- **Forgiveness date:** 06/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.00M
- **Utilities:** $1
- **Jobs reported:** 178
## Lender
- **Originating:** American Business Bank
- **Servicing:** American Business Bank (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*