There are two fairly different airplanes with the designation 7EC...
The "current" 7EC "Champ" (American Champion Aircraft Corporation) began production in 2007. It is basically the same fuselage as the original 7AC "Champ", but with the new aluminum-spar wings, aluminum "spring" gear legs, and the O-200 engine. Gross weight is 1320 to comply with SLSA rules, and given the "typical" empty weight of 925 lbs, the useful load is a meager 395 lbs (minus however much avgas you need for the mission). Add a bunch of radios, and that goes down even more... Not too many being sold, from what I understand.
The "old" 7EC was built by Aeronca (and also by the "old" Champion company – pre-Bellanca) starting in 1950. Some would argue that it was a much better airplane, with it's oleo gear, wooden wing spars, lower empty weight (890 lbs), higher gross weight (1450 lbs - though some models were only 1300 lbs), and the C-90 engine (which some people claim makes better torque than the O-200). The UL of 560 lbs makes it a much more practical airplane.