PPP Loan information for 7g distributing, llc

$2,435,600

7g distributing, llc was initially approved for PPP Loan of amount $2,435,600, the current approved amount is $2,435,600. The loan was approved on 04/06/2020 by The Farmers & Merchants Savings Bank reported 205 jobs and $2,435,600 was used to fund payroll.

7g distributing, llc is Existing or more than 2 years old

PPP Loan Search / IA / CEDAR RAPIDS / 7g distributing, llc

7G DISTRIBUTING, LLC

Date Approved

04/06/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

7G DISTRIBUTING, LLC

Borrower Address

9925 6TH ST SW

Borrower City

CEDAR RAPIDS

Borrower State

IA

Borrower Zip

52404-9074

Loan Status Date

06/24/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2435600.00

Current Approval Amount

2435600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25211

Servicing Lender Name

Farmers & Merchants Savings Bank

Servicing Lender Address

101 E Main St

Servicing Lender City

MANCHESTER

Servicing Lender State

IA

Servicing Lender Zip

52057-1736

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CEDAR RAPIDS

Project County Name

LINN

Project State

IA

Project Zip

52404-9074

CD

IA-02

Jobs Reported

205

NAICS Code

424820

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2435600.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

25211

Originating Lender

Farmers & Merchants Savings Bank

Originating Lender City

MANCHESTER

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2464488.92

Forgiveness Date

06/17/2021

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