# PPP loan: EXCEL ELECTRIC INC.
> **$801K** approved 03/12/2021 · Paid in Full · Loan `9451398503`
## Borrower
- **Name:** EXCEL ELECTRIC INC.
- **Address:** 24 Sangmeister Rd, Frankfort, IL, 60423-7737
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $801K
- **Initial approval:** $801K
- **Forgiven:** $806K (101%)
- **Forgiveness date:** 10/26/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $801K
- **Jobs reported:** 24
## Lender
- **Originating:** Old Second National Bank
- **Servicing:** Old Second National Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*