Fastly Quick Car Wash Inc.
Fastly Quick Car Wash Inc. is located in Los Angeles, CA, and the SBA lists its industry as Car Washes. It was approved for an SBA 7(a) loan of $3,850,000 for a change of ownership on December 31, 2023.
SBA 7(a) loan, change of ownership, approved Dec 31, 2023
- Gross approval
- $3,850,000
- SBA-guaranteed amount
- $2,887,500 (75% of the approval)
- Lender
- EverTrust Bank, City of Industry, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- December 31, 2048 (estimated, approval date plus term)
- Estimated monthly payment
- $34,985 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 4, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 811192, Car Washes
- Project location
- Los Angeles County, CA
- SBA district office
- Los Angeles District Office
- Congressional district
- CA-37
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 84% of acquisition loans in Car Washes on this site.
- Average acquisition loan in Car Washes: $2,047,274.
- Average acquisition loan in California: $1,688,228.
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 California
- Bear Car Wash Modesto Inc, Modesto
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- Mirzakhanian, LLC, Los Angeles
- Splash Brothers Carwash Inc., Castro Valley
- JDS Wash 1 LLC, Merced
- Brea Express Wash, Brea