7 LAYER SOLUTIONS INC. (IL) - 2020 PPP Loan Borrower Profile (# 2273577703)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 7 LAYER SOLUTIONS 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 Illinois.

Loan Detail

Loan Number

2273577703

SBA Office Code

0507

Processing Method

PPP

Curent Loan Amount

$440,605

Date Loan was Approved

May 1, 2020

Amount Forgiven

$443,795.47

Date Loan was Forgiven

Jan 25, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

365,605

Health Care Proceed

75,000

Lender

JPMorgan Chase Bank, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

541512

Borrower Location

SCHAUMBURG, IL

Project Location

SCHAUMBURG, IL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

350

Business Age Description

Existing or more than 2 years old

Data Source: SBA.