# PPP loan: YOUNG MOTORS, LLC
> **$313K** approved 04/04/2020 · Paid in Full · Loan `4792077010`
## Borrower
- **Name:** YOUNG MOTORS, LLC
- **Address:** 12900 US HIGHWAY 431, BOAZ, AL, 35956-2050
- **NAICS:** 441120
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $313K
- **Initial approval:** $313K
- **Forgiven:** $315K (101%)
- **Forgiveness date:** 12/08/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $303K
- **Utilities:** $10K
- **Jobs reported:** 18
## Lender
- **Originating:** Peoples Independent Bank
- **Servicing:** Peoples Independent Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*