PPP Loan information for Avid products inc.

$415,577

Avid products inc. was initially approved for PPP Loan of amount $415,577, the current approved amount is $415,577. The loan was approved on 04/06/2021 by The Webster Bank National Association reported 25 jobs and $415,577 was used to fund payroll.

Avid products inc. is Existing or more than 2 years old

PPP Loan Search / RI / Middletown / Avid products inc.

AVID PRODUCTS INC.

Date Approved

04/06/2021

SBA Office Code

0165

Processing Method

PPS

Borrower Name

AVID PRODUCTS INC.

Borrower Address

72 Johnny Cake Hill Rd 72 Johnny Cake Hill Ro

Borrower City

Middletown

Borrower State

RI

Borrower Zip

02842-5639

Loan Status Date

08/19/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

415577.00

Current Approval Amount

415577.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

15940

Servicing Lender Name

Webster Bank National Association

Servicing Lender Address

137 Bank St

Servicing Lender City

WATERBURY

Servicing Lender State

CT

Servicing Lender Zip

06702-2205

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Middletown

Project County Name

NEWPORT

Project State

RI

Project Zip

02842-5639

CD

RI-01

Jobs Reported

25

NAICS Code

423410

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

415576.00

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

15940

Originating Lender

Webster Bank National Association

Originating Lender City

WATERBURY

Originating Lender State

CT

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

416635.87

Forgiveness Date

07/16/2021

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