Magna 8 Corporation, Sherman CT: $175,000 SBA 7(a) loan approved 2026-07-06
Magna 8 Corporation (Sherman, Connecticut): $175,000 SBA 7(a) loan approved 2026-07-06. Its loan of $175,000 is below the median of $447,000 (18th percentile). Dated 122 days ago, it serves as a historical benchmark. Score 40/100. As of 2026-11-04, from U.S. Small Business Administration 7(a) and 504 FOIA loan data.
Data as of · Compiled by Zalwin from U.S. Small Business Administration 7(a) and 504 FOIA loan data
loan: $175,000 · 18th percentile of 32,327 SbaLoanPulse records · 0.4x the median
Free preview: all 14 published fields of this record are shown below. Locked: 442 related CT SbaLoanPulse records and the 6-column CSV export.
| Field | Value |
|---|---|
| Business | Magna 8 Corporation |
| Location | Sherman, CT, 06784 |
| County | WESTERN CT |
| Program | SBA 7(a) |
| Gross approval | $175,000 |
| SBA guaranteed | $131,250 |
| Approved | 2026-07-06 |
| Lender | Newtek Bank, National Association |
| Term (months) | 120 |
| Industry | Custom Computer Programming Services |
| NAICS | 541511 |
| Business type | CORPORATION |
| Business age | Existing or more than 2 years old |
| Jobs supported | 6 |
| loan percentile | 18th of 32,327 (median $447,000, 0.4x median) |
| Peer records CSV (443 CT records) | 🔒 Click to unlock → |
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CSV columns: Business · City · State · Industry · Loan · Approved · official source URL
- Source agency: U.S. Small Business Administration 7(a) and 504 FOIA loan data
- Record date: 2026-07-06
- Data refreshed: 2026-11-04
- Refunds on request within 14 days
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LIVE PUBLIC DATA Source: U.S. Small Business Administration 7(a) and 504 FOIA loan data · Last refreshed: Wed, 04 Nov 2026 01:29:00 GMT
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Peer benchmark and outreach value: Magna 8 Corporation and 443 Connecticut peers
- Connecticut SbaLoanPulse records like this one: 443
- Magna 8 Corporation's loan: 18th percentile of 32,327 records
- Timing: Low: older than 30 days
- Estimated pipeline if you contact every Connecticut peer: $88,600 (peers × rate × deal size; an estimate from your assumptions, not a forecast)
40 / 100 Fresh Capital Score
- Approval of $175,000.
- Approved within 90 days of the latest SBA release.
What is the SbaLoanPulse record for Magna 8 Corporation in Sherman, Connecticut?
Magna 8 Corporation (Sherman, CT) was approved for a $175,000 SBA 7(a) loan on 2026-07-06.
How does Magna 8 Corporation compare to other Connecticut SbaLoanPulse records?
Its loan of $175,000 is below the median (18th percentile); smaller records often move faster and face less competition. It is 122 days old; check the official source for later updates before acting.
Magna 8 Corporation vs. top 3 peers
| Organization | Location | Approved loans | Percentile | Record date |
|---|---|---|---|---|
| Magna 8 Corporation | Sherman, CT | $175,000 | 18th | 2026-07-06 |
| SALESCHAIN LLC | WATERBURY, CT | $220,000 | 25th | 2026-07-15 |
| SALESCHAIN LLC | WATERBURY, CT | $280,000 | 33rd | 2026-07-15 |
| Accounting Resources, Inc. | GLASTONBURY, CT | $500,000 | 55th | 2026-06-10 |
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Loan data comes from SBA public FOIA files, which SBA refreshes quarterly, so the newest approvals can lag by up to about four months. Sole proprietors and street addresses are excluded. Informational only.