PPP Loan information for Federated capital corporation

$50,992

Federated capital corporation was initially approved for PPP Loan of amount $50,992, the current approved amount is $50,992. The loan was approved on 04/30/2020 by The Independent Bank reported 4 jobs and $50,992 was used to fund payroll.

Federated capital corporation is Existing or more than 2 years old

PPP Loan Search / MI / FARMINGTON HILLS / Federated capital corporation

FEDERATED CAPITAL CORPORATION

Date Approved

04/30/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

FEDERATED CAPITAL CORPORATION

Borrower Address

30955 NORTHWESTERN HWY

Borrower City

FARMINGTON HILLS

Borrower State

MI

Borrower Zip

48334-2580

Loan Status Date

02/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

50992.00

Current Approval Amount

50992.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

77961

Servicing Lender Name

Independent Bank

Servicing Lender Address

4200 East Beltline Ave NE

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49525-9783

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FARMINGTON HILLS

Project County Name

OAKLAND

Project State

MI

Project Zip

48334-2580

CD

MI-11

Jobs Reported

4

NAICS Code

541611

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

50992.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

77961

Originating Lender

Independent Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

51345.45

Forgiveness Date

01/11/2021

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