# PPP loan: GTXCEL, INC.
> **$520K** approved 04/15/2020 · Paid in Full · Loan `9650087108`
## Borrower
- **Name:** GTXCEL, INC.
- **Address:** TURNPIKE RD, SOUTHBOROUGH, MA, 01772-2121
- **NAICS:** 541840
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $520K
- **Initial approval:** $520K
- **Forgiven:** $524K (101%)
- **Forgiveness date:** 01/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $520K
- **Jobs reported:** 27
## Lender
- **Originating:** Webster Bank National Association
- **Servicing:** Webster Bank National Association (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*