# PPP loan: YOUNGS TANK INC.
> **$411K** approved 04/07/2020 · Paid in Full · Loan `7514097009`
## Borrower
- **Name:** YOUNGS TANK INC.
- **Address:** 3500 E Highway 114, Boyd, TX, 76023-3423
- **NAICS:** 332313
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $411K
- **Initial approval:** $414K
- **Forgiven:** $408K (99%)
- **Forgiveness date:** 11/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $392K
- **Utilities:** $1K
- **Health care:** $18K
- **Jobs reported:** 30
## Lender
- **Originating:** First State Bank
- **Servicing:** First State Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*