# PPP loan: NXCESS MOTORCARS INC
> **$243K** approved 02/14/2021 · Paid in Full · Loan `8981658403`
## Borrower
- **Name:** NXCESS MOTORCARS INC
- **Address:** 5726 Southwest Fwy, Houston, TX, 77057-7508
- **NAICS:** 441120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $243K
- **Initial approval:** $243K
- **Forgiven:** $248K (102%)
- **Forgiveness date:** 12/22/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $243K
- **Utilities:** $1
- **Jobs reported:** 14
## Lender
- **Originating:** Stellar Bank
- **Servicing:** Stellar Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*