# PPP loan: YOUNG PLUMBING AND HEATING CO
> **$2.25M** approved 04/07/2020 · Paid in Full · Loan `7040787001`
## Borrower
- **Name:** YOUNG PLUMBING AND HEATING CO
- **Address:** 750 S Hackett Rd, WATERLOO, IA, 50701-3129
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.25M
- **Initial approval:** $2.25M
- **Forgiven:** $2.28M (101%)
- **Forgiveness date:** 06/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.25M
- **Jobs reported:** 121
## Lender
- **Originating:** Cedar Rapids Bank and Trust Company
- **Servicing:** Cedar Rapids Bank and Trust Company (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*