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Magic Automotive Solutions LLC

Johns Island, SC · General Automotive Repair · NAICS 811111

Magic Automotive Solutions LLC is located in Johns Island, SC, and the SBA lists its industry as General Automotive Repair. It was approved for an SBA 7(a) loan of $1,862,000 for a change of ownership on June 24, 2026.

SBA 7(a) loan, change of ownership, approved Jun 24, 2026

Gross approval
$1,862,000
SBA-guaranteed amount
$1,396,500 (75% of the approval)
Lender
Pinnacle Bank, Nashville, TN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
6.88%, fixed
Term
25 years (300 months)
Estimated maturity
June 24, 2051 (estimated, approval date plus term)
Estimated monthly payment
$13,018 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 17, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
Charleston County, SC
SBA district office
South Carolina District Office
Congressional district
SC-01
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)

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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Same industry in South Carolina