# PPP loan: YOUNG POWERTECH INC.
> **$167K** approved 03/26/2021 · Exemption 4 · Loan `9407678605`
## Borrower
- **Name:** YOUNG POWERTECH INC.
- **Address:** 3060 Plaza Dr, Garnet Valley, PA, 19060-2127
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $167K
- **Initial approval:** $167K
- **Forgiven:** $137K (82%)
- **Forgiveness date:** 11/15/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $167K
- **Jobs reported:** 11
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Readycap Lending, LLC (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*