# PPP loan: CIRCUIT INTERRUPTION TECHNOLOGY, INC.
> **$421K** approved 04/09/2020 · Paid in Full · Loan `9022977005`
## Borrower
- **Name:** CIRCUIT INTERRUPTION TECHNOLOGY, INC.
- **Address:** 14680 JAMES ROAD, ROGERS, MN, 55374-9363
- **NAICS:** 335314
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $421K
- **Initial approval:** $421K
- **Forgiven:** $424K (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $316K
- **Rent:** $26K
- **Mortgage interest:** $26K
- **Utilities:** $26K
- **Debt interest:** $26K
- **Jobs reported:** 26
## 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*