R. M. Young Company

$802,477 PPP Loan in Traverse City, Michigan

Loan Details

Loan Number
4316537310
Date Approved
Apr 29, 2020
Loan Status
Paid in Full
Initial Approval
$802,477
Current Approval
$802,477
Forgiveness Amount
$810,636
Forgiveness Date
May 6, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
R. M. Young Company
Address
2801 Aero Park Dr
ZIP Code
49686-8494
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (334519)
Business Age
Unanswered
Jobs Reported
35
Estimated Revenue
$9.2M
Rural/Urban
Rural
Congressional District
MI-01

Loan Use Breakdown

Payroll
$725,262
Rent
$26,000
Utilities
$7,900
Health Care
$43,315

Lender Information

Servicing Lender
Honor Bank
Originating Lender
Honor Bank

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