Main Street Registry

San Mateo Car Wash

San Mateo, CA · Car Washes · NAICS 811192

San Mateo Car Wash is a car wash business in San Mateo, California, classified under the industry Car Washes (NAICS 811192). The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1.66 million, approved on February 25, 2025, through Wells Fargo Bank National Association and the certified development company Capital Access Group, Inc.

SBA 504 loan, approved Feb 25, 2025

$1,660,000 SBA portionCDC: Capital Access Group, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,660,000
Bank portion
$2,017,000
Estimated project size
$4,085,556 (estimated)
Estimated owner equity
$408,556 (estimated, about 10% of the project)
Bank lender
Wells Fargo Bank National Association, Sioux Falls, SD
CDC
Capital Access Group, Inc.
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
February 25, 2050 (estimated, approval date plus term)
First disbursement
Jul 16, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
25
Business type
Corporation
NAICS
811192, Car Washes
Project location
San Mateo County, CA
SBA district office
San Francisco District Office
Congressional district
CA-14
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 47% of expansion loans in Car Washes on this site.
  • Average expansion loan in Car Washes: $1,994,962.
  • Average expansion loan in California: $2,161,468.

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 California