Magpie Blossom Retail LLC
Magpie Blossom Retail LLC is a gift, novelty, and souvenir retailer located in Austin, Texas. The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $575,000, provided by Truliant FCU, with an approval date of September 30, 2026.
SBA 7(a) loan, change of ownership, approved Sep 30, 2026
$575,000 approvedLender: Truliant FCU10 years termCommitted, not fully disbursedLoan details
- Gross approval
- $575,000
- SBA-guaranteed amount
- $431,250 (75% of the approval)
- Lender
- Truliant FCU, Winston-Salem, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 30, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $7,362 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 459420, Gift, Novelty, and Souvenir Retailers
- Project location
- Travis County, TX
- SBA district office
- San Antonio District Office
- Congressional district
- TX-21
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 18% of acquisition loans in Gift, Novelty, and Souvenir Retailers on this site.
- Average acquisition loan in Gift, Novelty, and Souvenir Retailers: $1,214,814.
- Average acquisition loan in Texas: $1,944,682.
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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