# PPP loan: YOUNG OIL, INC.
> **$605K** approved 04/10/2020 · Paid in Full · Loan `1893897102`
## Borrower
- **Name:** YOUNG OIL, INC.
- **Address:** 114 MEMORIAL DR, PIEDMONT, AL, 36272-2052
- **NAICS:** 424720
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $605K
- **Initial approval:** $605K
- **Forgiven:** $611K (101%)
- **Forgiveness date:** 04/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $605K
- **Jobs reported:** 72
## Lender
- **Originating:** Farmers and Merchants Bank
- **Servicing:** Farmers and Merchants Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*