Main Street Registry

Park Carwash LLC

Desoto, TX · Car Washes · NAICS 811192

Park Carwash LLC is a car wash business in DeSoto, Texas, in the car washes industry (NAICS 811192). It was financed with an SBA 7(a) loan for a change of ownership of $5 million, approved on January 8, 2025 by Metro City Bank, and the loan is reported with 27 jobs.

SBA 7(a) loan, change of ownership, approved Jan 8, 2025

$5,000,000 approvedLender: Metro City Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$5,000,000
SBA-guaranteed amount
$3,750,000 (75% of the approval)
Lender
Metro City Bank, Doraville, GA
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 8, 2050 (estimated, approval date plus term)
Estimated monthly payment
$39,423 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 27, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
27
Business type
Corporation
NAICS
811192, Car Washes
Project location
Dallas County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-30
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 93% 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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Texas