# PPP loan: FEDERATION DAY CARE SERVICES, INC.
> **$1.49M** approved 04/14/2020 · Exemption 4 · Loan `7060137100`
## Borrower
- **Name:** FEDERATION DAY CARE SERVICES, INC.
- **Address:** 10700 JAMISON AVE, PHILADELPHIA, PA, 19116-3834
- **NAICS:** 611110
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $1.49M
- **Initial approval:** $1.49M
- **Forgiven:** $1.46M (98%)
- **Forgiveness date:** 08/16/2021
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $1.49M
- **Jobs reported:** 230
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*