PPP Loan information for Avid technology inc

$7,800,000

Avid technology inc was initially approved for PPP Loan of amount $10,000,000, the current approved amount is $7,800,000. The loan was approved on 04/28/2020 by The Citizens Bank, National Association reported 500 jobs and $7,800,000 was used to fund payroll.

Avid technology inc is Existing or more than 2 years old

PPP Loan Search / MA / BURLINGTON / Avid technology inc

AVID TECHNOLOGY INC

Date Approved

04/28/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

AVID TECHNOLOGY INC

Borrower Address

75 NETWORK DR

Borrower City

BURLINGTON

Borrower State

MA

Borrower Zip

01803

Loan Status Date

08/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

10000000.00

Current Approval Amount

7800000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

434162

Servicing Lender Name

Citizens Bank, National Association

Servicing Lender Address

1 Citizens Plaza

Servicing Lender City

PROVIDENCE

Servicing Lender State

RI

Servicing Lender Zip

02903-1344

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BURLINGTON

Project County Name

MIDDLESEX

Project State

MA

Project Zip

01803-0001

CD

MA-06

Jobs Reported

500

NAICS Code

333316

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

7800000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

434162

Originating Lender

Citizens Bank, National Association

Originating Lender City

PROVIDENCE

Originating Lender State

RI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

7889539.73

Forgiveness Date

07/02/2021

;