# PPP loan: R. M. YOUNG COMPANY
> **$802K** approved 04/29/2020 · Paid in Full · Loan `4316537310`
## Borrower
- **Name:** R. M. YOUNG COMPANY
- **Address:** 2801 AERO PARK DR, TRAVERSE CITY, MI, 49686-8494
- **NAICS:** 334519
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $802K
- **Initial approval:** $802K
- **Forgiven:** $811K (101%)
- **Forgiveness date:** 05/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $725K
- **Rent:** $26K
- **Utilities:** $8K
- **Health care:** $43K
- **Jobs reported:** 35
## Lender
- **Originating:** Honor Bank
- **Servicing:** Honor Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*