Paul A. Schmitt Music Company
2400 Freeway Blvd, Brooklyn Center, MN 55430 · Musical Instrument and Supplies Stores (NAICS 451140)
Loan Summary
Source: SBA FOIA Loan-Level DataTotal Loans
2
Total Amount
$5.0M
Jobs Supported
410
Years Active
2013–2016
Loan History (2)
Source: SBA FOIA7(a)$2,000,000
Exempt
- Approved
- Oct 21, 2015 (FY2016)
- SBA Guaranteed
- $1,500,000 (75%)
- Term
- 120 months (10.0 yrs)
- Interest Rate
- 6.00%
- Revolver
- 0
- Jobs Supported
- 250
- Business Type
- Corporation
- Industry
- Musical Instrument and Supplies Stores (NAICS 451140)
Lender
Old National Bank
One Main St, Evansville, IN 47708
Project Location
Hennepin County, MN
7(a)$3,000,000
Paid in Full
- Approved
- Mar 14, 2013 (FY2013)
- SBA Guaranteed
- $2,250,000 (75%)
- Term
- 120 months (10.0 yrs)
- Interest Rate
- 6.00%
- Revolver
- 0
- Jobs Supported
- 160
- Business Type
- Corporation
- Industry
- Musical Instrument and Supplies Stores (NAICS 451140)
- Paid in Full
- Sep 30, 2021
Lender
Old National Bank
One Main St, Evansville, IN 47708
Project Location
Hennepin County, MN
Business Details
- Business Type
- Corporation
- NAICS Code
- 451140 — Musical Instrument and Supplies Stores
- Address
- 2400 Freeway Blvd
Brooklyn Center, MN 55430
Lender
- Old National Bank
- One Main St, Evansville, IN 47708