Circuit Interruption Technology, Inc.

$421,000 PPP Loan in Rogers, Minnesota

Loan Details

Loan Number
9022977005
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$421,000
Current Approval
$421,000
Forgiveness Amount
$423,713
Forgiveness Date
Dec 2, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Circuit Interruption Technology, Inc.
Address
14680 James Road
City
Rogers
ZIP Code
55374-9363
Business Type
Corporation
Industry (NAICS)
Manufacturing (335314)
Business Age
Existing or more than 2 years old
Jobs Reported
26
Estimated Revenue
$6.8M
Rural/Urban
Urban
Congressional District
MN-03

Loan Use Breakdown

Payroll
$315,750
Rent
$26,313
Utilities
$26,313
Mortgage Interest
$26,313
Debt Interest
$26,313

Lender Information

Servicing Lender
Midwestone Bank
Originating Lender
Midwestone Bank

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