# PPP loan: CIRCUIT LOGIC INC
> **$525K** approved 05/01/2020 · Exemption 4 · Loan `4992267710`
## Borrower
- **Name:** CIRCUIT LOGIC INC
- **Address:** 309 ENTERPRISE ST, ESCONDIDO, CA, 92029-1240
- **NAICS:** 334418
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $525K
- **Initial approval:** $525K
- **Forgiven:** $216K (41%)
- **Forgiveness date:** 03/21/2022
- **Status:** Exemption 4
- **Term:** 120 months
## Use of funds
- **Payroll:** $525K
- **Jobs reported:** 20
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*