# PPP loan: XCEL BRANDS INC
> **$1.81M** approved 04/15/2020 · Paid in Full · Loan `9781697103`
## Borrower
- **Name:** XCEL BRANDS INC
- **Address:** 1333 BROADWAY FL 10, NEW YORK, NY, 10018-1064
- **NAICS:** 315240
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.81M
- **Initial approval:** $1.81M
- **Forgiven:** $1.83M (101%)
- **Forgiveness date:** 10/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.81M
- **Jobs reported:** 86
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*