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SBA 7(a)Active, details exempt

PLAINSONG MUSIC SERVICES, LLC

ANDERSON, INMerchants Bank of IndianaAll Other Personal Services · NAICS 812990
APPROVAL AMOUNT
$1,015,000
PROGRAM
SBA 7(a)
25 years term
APPROVED
2026-02-05
8.75% rate
JOBS SUPPORTED
30
Borrower-reported

Estimated monthly payment

MONTHLY
$8,345
AT RATE
8.75%
recorded at approval
TOTAL INTEREST
$1,488,427
over 25 yrs
TOTAL REPAID
$2,503,427

Computed from this loan's recorded initial rate and term. Most 7(a) rates are variable and reset with the base rate, so the real schedule drifts from this, and SBA guaranty fees and closing costs are not included. Adjust the assumptions.

Loan details & location

LOCATION
ANDERSON, IN 46012
INDUSTRY
All Other Personal Services · NAICS 812990
BUSINESS STRUCTURE
Corporation
LOAN TERM
25 years
INITIAL INTEREST RATE
8.75%
LOAN STATUS
Active, details exempt
CONGRESSIONAL DIST.
05
ANDERSON, IN 46012

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