Laser Car Wash, Inc.
Laser Car Wash, Inc. is a car wash business located in Whitman, Massachusetts, classified under NAICS code 811192 (Car Washes). The business was financed with an SBA 7(a) loan for a change of ownership of $1.75 million, approved on February 24, 2025 by lender Readycap Lending, LLC.
SBA 7(a) loan, change of ownership, approved Feb 24, 2025
$1,750,000 approvedLender: Readycap Lending, LLC25 years termPaid in fullLoan details
- Gross approval
- $1,750,000
- SBA-guaranteed amount
- $1,312,500 (75% of the approval)
- Lender
- Readycap Lending, LLC, Berkeley Heights, NJ
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- February 24, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $14,987 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 20, 2025
- Loan status
- Paid in full
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 811192, Car Washes
- Project location
- Plymouth County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 55% of acquisition loans in Car Washes on this site.
- Average acquisition loan in Car Washes: $2,047,274.
- Average acquisition loan in Massachusetts: $1,643,977.
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 Massachusetts
- Water Street Car Wash, Inc., Danvers
- Olde Cape Cod Carwash, Inc., Orleans
- WB Pro Estate LLC, West Bridgewater