# PPP loan: FEDERAL RESOURCES CORPORATION
> **$500K** approved 04/15/2020 · Paid in Full · Loan `1296687209`
## Borrower
- **Name:** FEDERAL RESOURCES CORPORATION
- **Address:** 417 STATE ST, ERIE, PA, 16501-1106
- **NAICS:** 541990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $500K
- **Initial approval:** $500K
- **Forgiven:** $502K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $500K
- **Jobs reported:** 71
## Lender
- **Originating:** The Farmers National Bank of Canfield
- **Servicing:** The Farmers National Bank of Canfield (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*