Music Shoppe of Normal Inc

1540 E. College, Normal, IL 61761 · All Other Miscellaneous Store Retailers (except Tobacco Stores) (NAICS 453998)

Loan Summary

Source: SBA FOIA Loan-Level Data

Total Loans

Total Amount

$2.5M

Jobs Supported

128

Years Active

2011–2011

Loan History (4)

Source: SBA FOIA

7(a)$711,000

Cancelled

Approved: Dec 27, 2010 (FY2011)
SBA Guaranteed: $639,900 (90%)
Term: 30 months (2.5 yrs)
Interest Rate: 5.52%
Revolver: 0
Jobs Supported: 32
Business Type: Corporation
Industry: All Other Miscellaneous Store Retailers (except Tobacco Stores) (NAICS 453998)

Lender

Jpmorgan Chase Bank, National Association

1111 Polaris Pkwy, Columbus, OH 43240

Project Location

Mclean County, IL

7(a)$350,000

Cancelled

Approved: Dec 27, 2010 (FY2011)
SBA Guaranteed: $175,000 (50%)
Term: 84 months (7.0 yrs)
Interest Rate: 7.50%
Revolver: 1
Jobs Supported: 32
Business Type: Corporation
Industry: All Other Miscellaneous Store Retailers (except Tobacco Stores) (NAICS 453998)

Lender

Jpmorgan Chase Bank, National Association

1111 Polaris Pkwy, Columbus, OH 43240

Project Location

Mclean County, IL

7(a)$354,600

Paid in Full

Approved: Mar 31, 2011 (FY2011)
SBA Guaranteed: $177,300 (50%)
Term: 42 months (3.5 yrs)
Interest Rate: 5.95%
Revolver: 0
Jobs Supported: 32
Business Type: Corporation
Industry: All Other Miscellaneous Store Retailers (except Tobacco Stores) (NAICS 453998)
Paid in Full: Sep 30, 2014

Lender

Jpmorgan Chase Bank, National Association

1111 Polaris Pkwy, Columbus, OH 43240

Project Location

Mclean County, IL

7(a)$1,070,000

Paid in Full

Approved: Jan 1, 2011 (FY2011)
SBA Guaranteed: $963,000 (90%)
Term: 30 months (2.5 yrs)
Interest Rate: 5.52%
Revolver: 0
Jobs Supported: 32
Business Type: Corporation
Industry: All Other Miscellaneous Store Retailers (except Tobacco Stores) (NAICS 453998)
Paid in Full: Sep 30, 2013

Lender

Jpmorgan Chase Bank, National Association

1111 Polaris Pkwy, Columbus, OH 43240

Project Location

Mclean County, IL

Business Details

Business Type: Corporation
NAICS Code: 453998 — All Other Miscellaneous Store Retailers (except Tobacco Stores)
Address: 1540 E. College
Normal, IL 61761

Lender

Jpmorgan Chase Bank, National Association

1111 Polaris Pkwy, Columbus, OH 43240

Other SBA Borrowers in Normal

Zeller Digital Innovations Inc.$5.5M in SBA loans Destihl Brewery, Llc$4.6M in SBA loans Trijal Investments Llc$3.7M in SBA loans The Music Shoppe Inc.$2.8M in SBA loans Sud's Motor Car Company, Inc.$2.5M in SBA loans

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