Music Go Round
Music Go Round, located in Wilkes Barre Township, Pennsylvania, operates in the musical instrument and supplies retail industry. The business was financed with an SBA 7(a) loan for a change of ownership of $570,000, approved on November 25, 2025 by First Internet Bank of Indiana. The loan's reported job count is 10, and the business is identified as a Music Go Round franchise.
SBA 7(a) loan, change of ownership, approved Nov 25, 2025
$570,000 approvedLender: First Internet Bank of Indiana10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $570,000
- SBA-guaranteed amount
- $427,500 (75% of the approval)
- Lender
- First Internet Bank of Indiana, Fishers, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 25, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $7,454 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 19, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 459140, Musical Instrument and Supplies Retailers
- Franchise
- Music Go Round
- Project location
- Luzerne County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Musical Instrument and Supplies Retailers: $1,886,956.
- Average acquisition loan in Pennsylvania: $1,636,965.
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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Same industry in Pennsylvania
- Resonance Music, LLC, Pittsburgh