Salt Lake Truck Wash & Detail, LLC
Salt Lake Truck Wash & Detail, LLC is a car wash business in Salt Lake City, Utah, classified under the industry Car Washes. The business was financed with an SBA 7(a) loan for a change of ownership of $4,750,000, approved on May 3, 2024 by Community Banks of Colorado, A Division of NBH Bank.
SBA 7(a) loan, change of ownership, approved May 3, 2024
$4,750,000 approvedLender: Community Banks of Colorado, A Division of NBH Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $4,750,000
- SBA-guaranteed amount
- $3,562,500 (75% of the approval)
- Lender
- Community Banks of Colorado, A Division of NBH Bank, Greenwood Village, CO
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 3, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $64,094 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 21, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 66
- Business type
- Corporation
- NAICS
- 811192, Car Washes
- Project location
- Salt Lake County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 90% of acquisition loans in Car Washes on this site.
- Average acquisition loan in Car Washes: $2,047,274.
- Average acquisition loan in Utah: $1,761,092.
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 Utah
- Turbo Car Wash, Inc., Midvale