Dave's Car Wash and Laserwash
Dave's Car Wash and Laserwash is a car wash business in Indianapolis, Indiana, in the car washes industry (NAICS 811192). The company was financed with an SBA 7(a) loan for a change of ownership of $1.8 million, approved on June 4, 2025 by First Internet Bank of Indiana.
SBA 7(a) loan, change of ownership, approved Jun 4, 2025
$1,800,000 approvedLender: First Internet Bank of Indiana25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,800,000
- SBA-guaranteed amount
- $1,350,000 (75% of the approval)
- Lender
- First Internet Bank of Indiana, Fishers, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- June 4, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $15,727 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 11, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 811192, Car Washes
- Project location
- Marion County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 57% of acquisition loans in Car Washes on this site.
- Average acquisition loan in Car Washes: $2,047,274.
- Average acquisition loan in Indiana: $1,995,900.
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 Indiana
- Ultra Carwash LLC, Vincennes
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