# PPP loan: EXCEL ELECTRIC, INC.
> **$1.33M** approved 04/06/2020 · Paid in Full · Loan `5646167009`
## Borrower
- **Name:** EXCEL ELECTRIC, INC.
- **Address:** 3115 Dixie Ave SW, Grandville, MI, 49418-1182
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.33M
- **Initial approval:** $1.33M
- **Forgiven:** $1.34M (101%)
- **Forgiveness date:** 03/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.33M
- **Jobs reported:** 89
## Lender
- **Originating:** Grand River Bank
- **Servicing:** Grand River Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*