SBA lending record

Practice Shed LLC

2825 W 5Th Ave, Chicago, IL 60612 · Sound Recording Studios. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$2.9M

Total SBA financing

Loan on record

FY2020

On record

Jobs supported

● business — business location is the ZIP-area centroid from the public record

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The loan

$2,931,500 — FY2020

Gross approval: $2,931,500
SBA guaranteed: $2,198,625 (75%)
Status: Cancelled
Rate at approval: 7.5% v
Term: 306 mo (26 yr)
Program: 7a General
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 1/31/2020
Collateral: Required
Jobs supported: 3
Business type: Corporation
Business age: Startup, Loan Funds will Open Business
Industry: Sound Recording Studios
NAICS code: 512240
Lender: Fountainhead SBF LLC
Address: 2825 W 5Th Ave
City: Chicago, 60612
County: Cook
SBA district office: ILLINOIS DISTRICT OFFICE
Congressional district: 5

The lender

Fountainhead SBF LLC

1 loan to this business

Find SBA lenders for businesses like this

The banks most active funding sound recording studios — by location, industry.

SBA lenders in Illinois Lenders for sound recording studios Sound Recording Studios lenders in Illinois

Similar businesses

Comparable sound recording studios in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.

Unlock Audio LLC

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SBA financing: ≈ $98K–$163K
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ARU, LLC

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SBA financing: ≈ $569K–$948K
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TRAX 52 RECORDING

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$8K
SBA financing: ≈ $16K–$26K
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Midwest Creative Arts, LLC

Springfield, IL· ~176 mi

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$15K
SBA financing: ≈ $29K–$49K
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ESTATE OF SYLVIA MOY LLC

Detroit, MI· ~238 mi

Sound Recording Studios

$500K
SBA financing: ≈ $980K–$1.6M
Est. revenue (rough)

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Madison Music Foundry, LLC

Fitchburg, WI· ~118 mi

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$75K
SBA financing: ≈ $147K–$245K
Est. revenue (rough)

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Agent summary

This page summarizes the public SBA 7(a) lending record for Practice Shed LLC in Chicago, IL (Sound Recording Studios). CapBench compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.

1 SBA 7(a) loan totaling $2.9M
On record FY2020
3 jobs supported
Industry: Sound Recording Studios
Location: Chicago, IL
Lender: Fountainhead SBF LLC

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Sound Recording Studios businesses in IL for ~$2.9M deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.

Next steps

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Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/businesses/practice-shed-llc-il
API:: https://www.capbench.com/api/public/businesses/practice-shed-llc-il
Methodology:: Sources & methodology

Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and CapBench methodology; verify before relying on them.
Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.

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CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Practice Shed LLC.