# PPP loan: YOUNGBERG INDUSTRIES INC.
> **$1.20M** approved 03/12/2021 · Paid in Full · Loan `9994878501`
## Borrower
- **Name:** YOUNGBERG INDUSTRIES INC.
- **Address:** 6863 Indy Dr, Belvidere, IL, 61008-8769
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.20M
- **Initial approval:** $1.20M
- **Forgiven:** $1.20M (100%)
- **Forgiveness date:** 09/13/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.20M
- **Jobs reported:** 66
## Lender
- **Originating:** Illinois Bank and Trust, A Division of HTLF Bank
- **Servicing:** HTLF Bank (CO)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*