SBA lending record
Trussville Mag1, LLC
160 Morrow Avenue, Suite 104, Trussville, AL 35173 · Cosmetics, Beauty Supplies, and Perfume Retailers. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$485K
Total SBA financing
1
Loan on record
FY2025
On record
5
Jobs supported
Franchise brand
Magnolia Soap and Bath
See Magnolia Soap and Bath's SBA financing data — typical deal, failure rate, and how its loans perform →
● business — business location is the ZIP-area centroid from the public record
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The loan
$485,000 — FY2025
- Gross approval
- $485,000
- SBA guaranteed
- $363,750 (75%)
- Status
- Current
- Rate at approval
- 10.25% v
- Term
- 120 mo (10 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 2/4/2025
- First disbursement
- 2/14/2025
- Days to fund
- 10 days
- Collateral
- Required
- Sold on secondary market
- Yes
The lender
Readycap Lending, LLC
1 loan to this businessFull lending record on the lender page.
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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 Trussville Mag1, LLC.