Nationwide Shine LLC
Nationwide Shine LLC is located in Red Oak, TX, and the SBA lists its industry as Car Washes. It was approved for an SBA 7(a) loan of $4,995,000 for a change of ownership on January 17, 2025.
SBA 7(a) loan, change of ownership, approved Jan 17, 2025
- Gross approval
- $4,995,000
- SBA-guaranteed amount
- $3,746,250 (75% of the approval)
- Lender
- American Momentum Bank, College Station, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- January 17, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $39,383 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 29, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 21
- Business type
- Corporation
- NAICS
- 811192, Car Washes
- Project location
- Ellis County, TX
- SBA district office
- Dallas / Ft Worth District Office
- Congressional district
- TX-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 92% of acquisition loans in Car Washes on this site.
- Average acquisition loan in Car Washes: $2,047,274.
- Average acquisition loan in Texas: $1,944,682.
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 Texas
- Blast Carwash Garland, Garland
- Detail Busterz Express Inc, Fort Worth
- Grand Slam Carwash and Lube LLC, League City
- Freddie's Carwash, LLC, Austin
- Keene Stoner Operating LLC, Keene
- Rosenberg iShine #11, LLC, Rosenberg
- Triangle R Enterprises, LLC, Amarillo
- Glo Car Wash, LLC, Hurst