SCG Bowling Green KY Car Wash, LLC
SCG Bowling Green KY Car Wash, LLC is a car wash business in Bowling Green, Kentucky, in the car washes industry (NAICS 811192). The company was financed with an SBA 7(a) loan for a change of ownership of $1.9 million, approved by Celtic Bank Corporation on April 11, 2024.
SBA 7(a) loan, change of ownership, approved Apr 11, 2024
$1,927,000 approvedLender: Celtic Bank Corporation25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,927,000
- SBA-guaranteed amount
- $1,445,250 (75% of the approval)
- Lender
- Celtic Bank Corporation, Salt Lake City, UT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- April 11, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $18,540 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 15, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 14
- Business type
- Corporation
- NAICS
- 811192, Car Washes
- Project location
- Warren County, KY
- SBA district office
- Kentucky District Office
- Congressional district
- KY-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 59% of acquisition loans in Car Washes on this site.
- Average acquisition loan in Car Washes: $2,047,274.
- Average acquisition loan in Kentucky: $1,988,993.
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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