5 Star Auto Spa Martinsburg
5 Star Auto Spa Martinsburg is a car wash business in Martinsburg, West Virginia, in the car washes industry (NAICS 811192). The company was approved for an SBA 504 loan of $2,465,000 through the Business Finance Group, Inc. CDC, with Wells Fargo International Banking Corporation as the lending bank, with an approval date of May 19, 2026, to finance real estate or equipment.
SBA 504 loan, approved May 19, 2026
$2,465,000 SBA portionCDC: Business Finance Group, Inc.25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $2,465,000
- Bank portion
- $3,625,000
- Estimated project size
- $6,766,667 (estimated)
- Estimated owner equity
- $676,667 (estimated, about 10% of the project)
- Bank lender
- Wells Fargo International Banking Corporation, Charlotte, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- May 19, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 811192, Car Washes
- Project location
- Berkeley County, WV
- SBA district office
- West Virginia District Office
- Congressional district
- WV-2
- Collateral
- Yes
Estimated share of project by source
Bank 54% SBA (CDC) 36% Owner 10%
- Larger than 82% of expansion loans in Car Washes on this site.
- Average expansion loan in Car Washes: $1,994,962.
- Average expansion loan in West Virginia: $3,251,500.
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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