SBA lending record
MAG Motor Company
1890 N Main St,, Walnut Creek, CA 94596 · Used Car Dealers. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$2.1M
Total SBA financing
1
Loan on record
FY2021
On record
10
Jobs supported
● business — business location is the ZIP-area centroid from the public record
Is MAG Motor Company your business?
This record comes from public government lending data. Claim it to correct the details or tell your story — or ask us to take it down.
The loan
$2,052,000 — FY2021
- Gross approval
- $2,052,000
- SBA guaranteed
- $1,846,800 (90%)
- Status
- In workout — SBA bought the guarantee
- Rate at approval
- 6% v
- Term
- 111 mo (9 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 9/9/2021
- First disbursement
- 9/24/2021
- Days to fund
- 15 days
- Collateral
- Required
- Sold on secondary market
- Yes
The lender
Newtek Small Business Finance, Inc.
1 loan to this businessNo FDIC profile on file (non-bank lender).
Is MAG Motor Company your business?
This page was built from public lending data. Claim it free to correct the details, tell your story, and control how your business shows up — or ask us to take it down.
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DealRoom listing built from public SBA 7(a) lending records and FDIC BankFind. Figures are as reported; verify before relying on them. Not affiliated with MAG Motor Company.