Piano Solutions, Piano Solutions and More, and Guitar Solutions
Piano Solutions, Piano Solutions and More, and Guitar Solutions is a musical instrument and supplies retailer in Carmel, Indiana, classified under NAICS 459140 (Musical Instrument and Supplies Retailers). The business was financed with an SBA 7(a) loan for a change of ownership totaling $4.7 million, provided by First Internet Bank of Indiana, with a loan date of July 1, 2026.
SBA 7(a) loan, change of ownership, approved Jul 1, 2026
$4,700,000 approvedLender: First Internet Bank of Indiana25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,700,000
- SBA-guaranteed amount
- $3,525,000 (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
- 8%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- July 1, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $36,275 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 10, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 459140, Musical Instrument and Supplies Retailers
- Project location
- Hamilton County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-05
- 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 Indiana: $1,995,900.
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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