# PPP loan: ARTEL VIDEO SYSTEM CORPORATION
> **$489K** approved 01/25/2021 · Paid in Full · Loan `5526668302`
## Borrower
- **Name:** ARTEL VIDEO SYSTEM CORPORATION
- **Address:** 5 Lyberty Way, Westford, MA, 01886-3617
- **NAICS:** 334220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $489K
- **Initial approval:** $489K
- **Forgiven:** $492K (101%)
- **Forgiveness date:** 09/21/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $489K
- **Utilities:** $1
- **Jobs reported:** 26
## Lender
- **Originating:** Cross River Bank
- **Servicing:** Cross River Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*