Magic Buzz Market & Tobacco Inc
Magic Buzz Market & Tobacco Inc is a tobacco, electronic cigarette, and other smoking supplies retailer located in Pomona, CA. The business was financed with an SBA 7(a) loan for a change of ownership of $650,000, approved on January 29, 2026, through Southwestern National Bank.
SBA 7(a) loan, change of ownership, approved Jan 29, 2026
$650,000 approvedLender: Southwestern National Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $650,000
- SBA-guaranteed amount
- $487,500 (75% of the approval)
- Lender
- Southwestern National Bank, Houston, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- January 29, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $5,017 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 6, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 459991, Tobacco, Electronic Cigarette, and Other Smoking Supplies Retailers
- Project location
- Los Angeles County, CA
- SBA district office
- Los Angeles District Office
- Congressional district
- CA-27
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Tobacco, Electronic Cigarette, and Other Smoking Supplies Retailers: $802,562.
- Average acquisition loan in California: $1,688,228.
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.
Is this your company? Claim or correct this listing. See Corrections.