7MG LLC (MI) - 2020 PPP Loan Borrower Profile (# 9115308401)
Updated on April 18, 2025.
See below the business details and the detail of the 2020 PPP loan given to 7MG LLC. 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 Michigan.
Loan Detail
Loan Number
9115308401
SBA Office Code
0515
Processing Method
PPS
Curent Loan Amount
$144,833.32
Date Loan was Approved
Feb 16, 2021
Amount Forgiven
$146,812.71
Date Loan was Forgiven
Jun 30, 2022
Loan Status
Paid in Full
Loan Term
60 Months
Utilities Proced
1
Payroll Proced
144,828.32
Lender
Alden State Bank
Business Detail
Business Type
Corporation
NAICS
722513
Borrower Location
Traverse City, MI
Project Location
Traverse City, MI
Rural/Urban
Rural
Hubzone
No
Labor Market Information (LMI)
No
Jobs Reported
10
Business Age Description
Existing or more than 2 years old
Data Source: SBA.
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