# PPP loan: THE FEDERAL GROUP INC.
> **$371K** approved 04/09/2020 · Exemption 4 · Loan `9233687001`
## Borrower
- **Name:** THE FEDERAL GROUP INC.
- **Address:** 233 Lowe Drive, SHEPHERDSTOWN, WV, 25443-9602
- **NAICS:** 721110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $371K
- **Initial approval:** $371K
- **Forgiven:** $338K (91%)
- **Forgiveness date:** 08/19/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $371K
- **Jobs reported:** 63
## Lender
- **Originating:** United Bank
- **Servicing:** United Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*