# PPP loan: AVID TECHNOLOGY INC
> **$7.80M** approved 04/28/2020 · Paid in Full · Loan `1159137310`
## Borrower
- **Name:** AVID TECHNOLOGY INC
- **Address:** 75 NETWORK DR, BURLINGTON, MA, 01803
- **NAICS:** 333316
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $7.80M
- **Initial approval:** $10.00M
- **Forgiven:** $7.89M (101%)
- **Forgiveness date:** 07/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $7.80M
- **Jobs reported:** 500
## Lender
- **Originating:** Citizens Bank, National Association
- **Servicing:** Citizens Bank, National Association (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*