# PPP loan: FEDERATED SERVICE SOLUTIONS
> **$509K** approved 02/26/2021 · Paid in Full · Loan `4508728505`
## Borrower
- **Name:** FEDERATED SERVICE SOLUTIONS
- **Address:** 30955 Northwestern Hwy, Farmington Hills, MI, 48334-2580
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $509K
- **Initial approval:** $509K
- **Forgiven:** $512K (101%)
- **Forgiveness date:** 12/01/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $509K
- **Utilities:** $1
- **Jobs reported:** 61
## Lender
- **Originating:** Independent Bank
- **Servicing:** Independent Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*