The Music Shoppe Inc.
1540 E College Ave, Normal, IL 61761
Loan Summary
Source: SBA FOIA Loan-Level DataTotal Loans
6
Total Amount
$2.8M
Jobs Supported
201
Years Active
1992–2024
Loan History (6)
Source: SBA FOIA- Approved
- Sep 24, 2024 (FY2024)
- SBA Guaranteed
- $250,000 (50%)
- Term
- 40 months (3.3 yrs)
- Interest Rate
- 8.71%
- Revolver
- 0
- Jobs Supported
- 54
- Business Type
- Corporation
- Business Age
- Existing or More Than 2 Years Old
Lender
Jpmorgan Chase Bank, National Association
1111 Polaris Pkwy, Columbus, OH 43240
Project Location
Mclean County, IL
- Approved
- Oct 27, 2014 (FY2015)
- SBA Guaranteed
- $384,825 (75%)
- Term
- 39 months (3.3 yrs)
- Interest Rate
- 3.20%
- Revolver
- 0
- Jobs Supported
- 39
- Business Type
- Corporation
- Industry
- Musical Instrument and Supplies Stores (NAICS 451140)
- Paid in Full
- Sep 30, 2016
Lender
Jpmorgan Chase Bank, National Association
1111 Polaris Pkwy, Columbus, OH 43240
Project Location
Mclean County, IL
- Approved
- Sep 11, 2013 (FY2013)
- SBA Guaranteed
- $353,400 (75%)
- Term
- 39 months (3.3 yrs)
- Interest Rate
- 4.00%
- Revolver
- 0
- Jobs Supported
- 39
- Business Type
- Corporation
- Industry
- Musical Instrument and Supplies Stores (NAICS 451140)
- Paid in Full
- Dec 31, 2016
Lender
Jpmorgan Chase Bank, National Association
1111 Polaris Pkwy, Columbus, OH 43240
Project Location
Mclean County, IL
- Approved
- Sep 20, 2012 (FY2012)
- SBA Guaranteed
- $337,500 (75%)
- Term
- 39 months (3.3 yrs)
- Interest Rate
- 3.99%
- Revolver
- 0
- Jobs Supported
- 36
- Business Type
- Corporation
- Industry
- All Other Miscellaneous Store Retailers (except Tobacco Stores) (NAICS 453998)
- Paid in Full
- Dec 31, 2015
Lender
Jpmorgan Chase Bank, National Association
1111 Polaris Pkwy, Columbus, OH 43240
Project Location
Mclean County, IL
- Approved
- Aug 30, 2011 (FY2011)
- SBA Guaranteed
- $176,400 (50%)
- Term
- 40 months (3.3 yrs)
- Interest Rate
- 5.00%
- Revolver
- 0
- Jobs Supported
- 33
- Business Type
- Corporation
- Industry
- All Other Miscellaneous Store Retailers (except Tobacco Stores) (NAICS 453998)
- Paid in Full
- Jan 31, 2015
Lender
Jpmorgan Chase Bank, National Association
1111 Polaris Pkwy, Columbus, OH 43240
Project Location
Mclean County, IL
- Approved
- Oct 4, 1991 (FY1992)
- SBA Guaranteed
- $448,000 (80%)
- Term
- 79 months (6.6 yrs)
- Revolver
- 0
- Business Type
- Corporation
- Industry
- Musical Instrument and Supplies Stores (NAICS 451140)
- Paid in Full
- Jul 31, 2005
Lender
Regions Bank
1900 Fifth Avenue North, Birmingham, AL 35203
Project Location
Mclean County, IL
Business Details
- Business Type
- Corporation
- Business Age
- Existing or More Than 2 Years Old
- NAICS Code
- 459140
- Address
- 1540 E College Ave
Normal, IL 61761
Lenders
- Jpmorgan Chase Bank, National Association
- 1111 Polaris Pkwy, Columbus, OH 43240
- Regions Bank
- 1900 Fifth Avenue North, Birmingham, AL 35203