City Magnets Inc
City Magnets Inc is located in Sunrise Beach, MO, and the SBA lists its industry as Beer, Wine, and Liquor Retailers. It was approved for an SBA 7(a) loan of $1,123,000 for a change of ownership on April 8, 2026.
SBA 7(a) loan, change of ownership, approved Apr 8, 2026
- Gross approval
- $1,123,000
- SBA-guaranteed amount
- $842,250 (75% of the approval)
- Lender
- OakStar Bank, Springfield, MO
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 15 years (180 months)
- Estimated maturity
- April 8, 2041 (estimated, approval date plus term)
- Estimated monthly payment
- $11,224 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 20, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 445320, Beer, Wine, and Liquor Retailers
- Project location
- Camden County, MO
- SBA district office
- Kansas City District Office
- Congressional district
- MO-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 59% of acquisition loans in Beer, Wine, and Liquor Retailers on this site.
- Average acquisition loan in Beer, Wine, and Liquor Retailers: $1,337,023.
- Average acquisition loan in Missouri: $1,584,414.
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 Missouri
- The Cellar, Macon
- Sadhimata Real Estate LLC, Joplin
- Jmac Liquor LLC, Richmond
- Pistol Creek Liquors LLC, Carthage