Chicago Music Exchange LLC
Chicago Music Exchange LLC, located in Chicago, Illinois, is classified under the industry Musical Instrument and Supplies Retailers (NAICS 459140). The company financed real estate or equipment through an SBA 504 loan of $1,543,000, approved on August 27, 2026 by JPMorgan Chase Bank, National Association with Small Business Growth Corporation as the certified development company.
SBA 504 loan, approved Aug 27, 2026
$1,543,000 SBA portionCDC: Small Business Growth Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,543,000
- Bank portion
- $1,875,000
- Estimated project size
- $3,797,778 (estimated)
- Estimated owner equity
- $379,778 (estimated, about 10% of the project)
- Bank lender
- JPMorgan Chase Bank, National Association, Columbus, OH
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- August 27, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 459140, Musical Instrument and Supplies Retailers
- Project location
- Cook County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-4
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Musical Instrument and Supplies Retailers: $1,203,667.
- Average expansion loan in Illinois: $2,310,827.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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