# PPP loan: CIT ELECTRONICS LLC
> **$475K** approved 01/28/2021 · Paid in Full · Loan `7706418304`
## Borrower
- **Name:** CIT ELECTRONICS LLC
- **Address:** 752 E State Rd Ste A6, American Fork, UT, 84003-4043
- **NAICS:** 454110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $475K
- **Initial approval:** $475K
- **Forgiven:** $478K (101%)
- **Forgiveness date:** 09/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $475K
- **Utilities:** $1
- **Jobs reported:** 62
## Lender
- **Originating:** Zions Bank, A Division of
- **Servicing:** Zions Bank, A Division of (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*