Xcel Management, Inc.

$1,049,680 PPP Loan in Derwood, Maryland

Loan Details

Loan Number
8827157107
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$1,049,680
Current Approval
$1,049,680
Forgiveness Amount
$1,061,557
Forgiveness Date
Jun 10, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Xcel Management, Inc.
Address
7361 Calhoun Pl, #600
ZIP Code
20855
Business Type
Corporation
Industry (NAICS)
Professional, Scientific, and Technical Services (541214)
Business Age
Existing or more than 2 years old
Jobs Reported
76
Estimated Revenue
$24.2M
Rural/Urban
Urban
Congressional District
MD-08

Loan Use Breakdown

Payroll
$787,260
Utilities
$262,420

Lender Information

Servicing Lender
Sandy Spring Bank
Originating Lender
Sandy Spring Bank

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