ARTEL SOFTWARE INC. (MA) - 2020 PPP Loan Borrower Profile (# 8030497107)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ARTEL SOFTWARE INC.. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Massachusetts.

Loan Detail

Loan Number

8030497107

SBA Office Code

0101

Processing Method

PPP

Curent Loan Amount

$516,100

Date Loan was Approved

Apr 15, 2020

Amount Forgiven

$519,366.28

Date Loan was Forgiven

Dec 15, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

516,100

Lender

Citizens Bank, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

334614

Borrower Location

Boston, MA

Project Location

Boston, MA

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.