# PPP loan: CITRONIT, INC.
> **$370K** approved 04/11/2020 · Paid in Full · Loan `3404607106`
## Borrower
- **Name:** CITRONIT, INC.
- **Address:** 5150 Warren Parkway, FRISCO, TX, 75034-6882
- **NAICS:** 541511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $370K
- **Initial approval:** $370K
- **Forgiven:** $373K (101%)
- **Forgiveness date:** 04/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $296K
- **Rent:** $37K
- **Utilities:** $37K
- **Jobs reported:** 20
## Lender
- **Originating:** Veritex Community Bank
- **Servicing:** Veritex Community Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*