PPP Loan information for Federated logistics inc

$1,975,900

Federated logistics inc was initially approved for PPP Loan of amount $1,975,900, the current approved amount is $1,975,900. The loan was approved on 03/20/2021 by The PNC Bank, National Association reported 149 jobs and $1,975,900 was used to fund payroll.

Federated logistics inc is Existing or more than 2 years old

FEDERATED LOGISTICS INC

Date Approved

03/20/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

FEDERATED LOGISTICS INC

Borrower Address

32500 Van Born Rd 32500 Van Born Road

Borrower City

Wayne

Borrower State

MI

Borrower Zip

48184-2569

Loan Status Date

08/09/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1975900.00

Current Approval Amount

1975900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

44449

Servicing Lender Name

PNC Bank, National Association

Servicing Lender Address

222 Delaware Ave

Servicing Lender City

WILMINGTON

Servicing Lender State

DE

Servicing Lender Zip

19801-1621

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Wayne

Project County Name

WAYNE

Project State

MI

Project Zip

48184-2569

CD

MI-13

Jobs Reported

149

NAICS Code

484110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1975900.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

44449

Originating Lender

PNC Bank, National Association

Originating Lender City

WILMINGTON

Originating Lender State

DE

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2002080.68

Forgiveness Date

07/15/2022

;