Artel Video Systems Corporation

$501,755 PPP Loan in Westford, Massachusetts

Loan Details

Loan Number
7532437302
Date Approved
Apr 30, 2020
Loan Status
Paid in Full
Initial Approval
$501,755
Current Approval
$501,755
Forgiveness Amount
$508,683
Forgiveness Date
Sep 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Artel Video Systems Corporation
Address
5 Lyberty Way
ZIP Code
01886
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (334220)
Business Age
Existing or more than 2 years old
Jobs Reported
23
Estimated Revenue
$6.0M
Rural/Urban
Urban
Congressional District
MA-03

Loan Use Breakdown

Payroll
$376,316
Rent
$62,719
Utilities
$62,719

Lender Information

Servicing Lender
Celtic Bank Corporation
Originating Lender
Celtic Bank Corporation

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