Main Street Registry

Magnolia Empire LLC

Burbank, CA · Insurance Agencies and Brokerages · NAICS 524210

Magnolia Empire LLC is an insurance agency and brokerage located in Burbank, California. The company financed real estate or equipment through an SBA 504 loan of $1,620,000, approved on March 24, 2025, with EverBank National Association as the lender and Business Finance Capital as the certified development company.

SBA 504 loan, approved Mar 24, 2025

$1,620,000 SBA portionCDC: Business Finance Capital25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,620,000
Bank portion
$1,771,650
Estimated project size
$3,768,500 (estimated)
Estimated owner equity
$376,850 (estimated, about 10% of the project)
Bank lender
EverBank National Association, Jacksonville, FL
CDC
Business Finance Capital
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
March 24, 2050 (estimated, approval date plus term)
First disbursement
Aug 13, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
524210, Insurance Agencies and Brokerages
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-28
Collateral
Yes

Estimated share of project by source

Bank 47% SBA (CDC) 43% Owner 10%

  • Larger than 50% of expansion loans in Insurance Agencies and Brokerages on this site.
  • Average expansion loan in Insurance Agencies and Brokerages: $1,924,000.
  • Average expansion loan in California: $2,161,468.

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 California