Texcel Industries INC

$378,900 PPP Loan in Cumberland, Rhode Island

Loan Details

Loan Number
8143767003
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$378,900
Current Approval
$378,900
Forgiveness Amount
$381,463
Forgiveness Date
Feb 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Texcel Industries INC
Address
18 Meeting St
ZIP Code
02864-8323
Business Type
Corporation
Industry (NAICS)
Manufacturing (313220)
Business Age
Existing or more than 2 years old
Jobs Reported
40
Estimated Revenue
$14.1M
Rural/Urban
Urban
Congressional District
RI-01

Loan Use Breakdown

Payroll
$304,000
Utilities
$20,900
Health Care
$34,000
Mortgage Interest
$20,000

Lender Information

Servicing Lender
Bristol County Savings Bank
Originating Lender
Bristol County Savings Bank

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