# PPP loan: FEDERATED LOGISTICS INC
> **$1.98M** approved 03/20/2021 · Paid in Full · Loan `5907248603`
## Borrower
- **Name:** FEDERATED LOGISTICS INC
- **Address:** 32500 Van Born Rd 32500 Van Born Road, Wayne, MI, 48184-2569
- **NAICS:** 484110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.98M
- **Initial approval:** $1.98M
- **Forgiven:** $2.00M (101%)
- **Forgiveness date:** 07/15/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.98M
- **Jobs reported:** 149
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*