Singing Frog LLC DBA Songbird Karaoke
Singing Frog LLC DBA Songbird Karaoke is located in Collingswood, New Jersey, and its SBA-published industry is All Other Amusement and Recreation Industries. The business was financed with an SBA 7(a) loan for a change of ownership of $580,000, approved on November 15, 2024, by BayFirst National Bank.
SBA 7(a) loan, change of ownership, approved Nov 15, 2024
$580,000 approvedLender: BayFirst National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $580,000
- SBA-guaranteed amount
- $435,000 (75% of the approval)
- Lender
- BayFirst National Bank, Saint Petersburg, FL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 15, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $7,990 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 20, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 14
- Business type
- Corporation
- NAICS
- 713990, All Other Amusement and Recreation Industries
- Project location
- Camden County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 8% of acquisition loans in All Other Amusement and Recreation Industries on this site.
- Average acquisition loan in All Other Amusement and Recreation Industries: $1,649,888.
- Average acquisition loan in New Jersey: $1,626,307.
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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in New Jersey
- Escape Newport, LLC, Mountain Lakes
- Launch Family Entertainment, Woodbury
- Black Diamond Billiards, Union