# PPP loan: YOUNG AUTOMOTIVE GROUP INC
> **$662K** approved 04/10/2020 · Paid in Full · Loan `1822587106`
## Borrower
- **Name:** YOUNG AUTOMOTIVE GROUP INC
- **Address:** 5737 South Pennsylvania Ave 0.0, Lansing, MI, 48911-5212
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $662K
- **Initial approval:** $662K
- **Forgiven:** $670K (101%)
- **Forgiveness date:** 06/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $497K
- **Rent:** $105K
- **Utilities:** $17K
- **Health care:** $33K
- **Debt interest:** $11K
- **Jobs reported:** 46
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*