# PPP loan: PROCIRCULAR, INC.
> **$375K** approved 04/11/2020 · Paid in Full · Loan `2786547101`
## Borrower
- **Name:** PROCIRCULAR, INC.
- **Address:** 2451 Oakdale Blvd, CORALVILLE, IA, 52241-3221
- **NAICS:** 541611
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $375K
- **Initial approval:** $375K
- **Forgiven:** $378K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $281K
- **Rent:** $23K
- **Mortgage interest:** $23K
- **Utilities:** $23K
- **Health care:** $23K
- **Jobs reported:** 25
## Lender
- **Originating:** MidWestOne Bank
- **Servicing:** MidWestOne Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*