PPP Loan information for 7mg llc

$144,833

7mg llc was initially approved for PPP Loan of amount $144,833, the current approved amount is $144,833. The loan was approved on 02/16/2021 by The Alden State Bank reported 10 jobs and $144,833 was used to fund payroll.

7mg llc is Existing or more than 2 years old

PPP Loan Search / MI / Traverse City / 7mg llc

7MG LLC

Date Approved

02/16/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

7MG LLC

Borrower Address

128 S Union St

Borrower City

Traverse City

Borrower State

MI

Borrower Zip

49684-2520

Loan Status Date

07/15/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

144833.32

Current Approval Amount

144833.32

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33523

Servicing Lender Name

Alden State Bank

Servicing Lender Address

10564 Coy St

Servicing Lender City

ALDEN

Servicing Lender State

MI

Servicing Lender Zip

49612

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Traverse City

Project County Name

GRAND TRAVERSE

Project State

MI

Project Zip

49684-2520

CD

MI-01

Jobs Reported

10

NAICS Code

722513

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

144828.32

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

33523

Originating Lender

Alden State Bank

Originating Lender City

ALDEN

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

146812.71

Forgiveness Date

06/30/2022

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