Siva Holdings LLC
Siva Holdings LLC is a car wash business located in Catonsville, Maryland, classified under NAICS code 811192 (Car Washes). The business was financed with an SBA 7(a) loan for a change of ownership totaling $3.8 million, approved in September 2026 through Hanmi Bank and reported with 13 jobs.
SBA 7(a) loan, change of ownership, approved Sep 17, 2026
$3,800,000 approvedLender: Hanmi Bank25 years termCommitted, not fully disbursedLoan details
- Gross approval
- $3,800,000
- SBA-guaranteed amount
- $2,850,000 (75% of the approval)
- Lender
- Hanmi Bank, Los Angeles, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- September 17, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $28,702 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 811192, Car Washes
- Project location
- Baltimore County, MD
- SBA district office
- Baltimore District Office
- Congressional district
- MD-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 82% of acquisition loans in Car Washes on this site.
- Average acquisition loan in Car Washes: $2,047,274.
- Average acquisition loan in Maryland: $1,627,337.
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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