PPP borrower record
XCEL MANAGEMENT, INC. PPP loan record
Public SBA PPP loan record for XCEL MANAGEMENT, INC.. Review approval amount, forgiveness amount, lender fields, borrower location, and source limitations.
$1,049,680
Approved amount
$1,061,557
Forgiven amount
2020-04-15
Date approved
Borrower and loan details
Borrower
XCEL MANAGEMENT, INC.
Loan number
8827157107
Business type
Corporation
Business age
Existing or more than 2 years old
Borrower city
Derwood
Borrower state
Maryland
Borrower ZIP
20855
Jobs reported
76
Loan status
Exemption 4
Forgiveness date
2021-06-10
Servicing lender
Sandy Spring Bank
Originating lender
Sandy Spring Bank
Reported use of proceeds
Payroll
$787,260
Rent
N/A
Utilities
$262,420
Mortgage interest
N/A
Health care
N/A
Debt interest
N/A
Location pages
Related directories
Source note
PPP Loan Map uses SBA public PPP records and Geocodio's geocoded PPP dataset for latitude, longitude, and Census geography. Map pins are geocoded estimates, not verified current business locations. Records are public administrative data, not legal findings.