# PPP loan: AVID ENGINEERING LLC
> **$381K** approved 04/07/2020 · Paid in Full · Loan `7091017004`
## Borrower
- **Name:** AVID ENGINEERING LLC
- **Address:** 17 BRIDGE ST - Suite 201, BILLERICA, MA, 01821-1000
- **NAICS:** 541330
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $381K
- **Initial approval:** $381K
- **Forgiven:** $384K (101%)
- **Forgiveness date:** 03/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $307K
- **Rent:** $23K
- **Utilities:** $4K
- **Health care:** $47K
- **Jobs reported:** 26
## Lender
- **Originating:** Enterprise Bank and Trust Company
- **Servicing:** Enterprise Bank and Trust Company (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*