# PPP loan: MASSACHUSETTS AUDIO VISUAL EQUIPMENT CORPORATION
> **$1.15M** approved 04/09/2020 · Exemption 4 · Loan `8974527002`
## Borrower
- **Name:** MASSACHUSETTS AUDIO VISUAL EQUIPMENT CORPORATION
- **Address:** 3 RADCLIFF ROAD, TEWKSBURY, MA, 01876-1181
- **NAICS:** 334310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.15M
- **Initial approval:** $1.15M
- **Forgiven:** $934K (81%)
- **Forgiveness date:** 07/22/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.15M
- **Jobs reported:** 62
## Lender
- **Originating:** Eastern Bank
- **Servicing:** Eastern Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*