# PPP loan: FEDCORP, INC
> **$505K** approved 04/27/2020 · Paid in Full · Loan `4755937205`
## Borrower
- **Name:** FEDCORP, INC
- **Address:** 2169 Stanton Rd Ste 100, DAPHNE, AL, 36526-5140
- **NAICS:** 522320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $505K
- **Initial approval:** $505K
- **Forgiven:** $510K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $505K
- **Jobs reported:** 58
## Lender
- **Originating:** Alabama CU
- **Servicing:** Alabama CU (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*