Main Street Registry

Radiant Auto Investments LLC

Missouri City, TX · Car Washes · NAICS 811192

Radiant Auto Investments LLC is a car wash business in Missouri City, Texas, classified under NAICS 811192 (Car Washes). The company was approved for an SBA 504 loan financing real estate or equipment through an SBA 504 loan of $1,729,000 (SBA portion), with a total project size of $2,813,598, with Zions Bancorporation, National Association as the lender and LiftFund, Inc. as the certified development company, on September 17, 2024.

SBA 504 loan, approved Sep 17, 2024

$1,729,000 SBA portionCDC: LiftFund, Inc.25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,729,000
Bank portion
$2,813,598
Estimated project size
$5,047,331 (estimated)
Estimated owner equity
$504,733 (estimated, about 10% of the project)
Bank lender
Zions Bancorporation, National Association, Salt Lake City, UT
CDC
LiftFund, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
September 17, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
5
Business type
Corporation
NAICS
811192, Car Washes
Project location
Fort Bend County, TX
SBA district office
Houston District Office
Congressional district
TX-9
Collateral
Yes

Estimated share of project by source

Bank 56% SBA (CDC) 34% Owner 10%

  • Larger than 49% of expansion loans in Car Washes on this site.
  • Average expansion loan in Car Washes: $1,994,962.
  • Average expansion loan in Texas: $2,316,979.

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