Magenta Nine LLC
Magenta Nine LLC is located in Clearwater, FL, and the SBA lists its industry as General Automotive Repair. It was approved for an SBA 7(a) loan of $1,021,000 for a change of ownership on January 13, 2026.
SBA 7(a) loan, change of ownership, approved Jan 13, 2026
- Gross approval
- $1,021,000
- SBA-guaranteed amount
- $765,750 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 13, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $12,796 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 29, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 811111, General Automotive Repair
- Franchise
- Ice Cold Air
- Project location
- Pinellas County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-13
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 46% of acquisition loans in General Automotive Repair on this site.
- Average acquisition loan in General Automotive Repair: $1,353,136.
- Average acquisition loan in Florida: $1,808,559.
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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