Main Street Registry

Sparkle Car Wash

Hyattsville, MD · Car Washes · NAICS 811192

Sparkle Car Wash in Hyattsville, Maryland operates in the car washes industry (NAICS 811192). The business was financed with an SBA 7(a) loan for a change of ownership of $2.67 million, approved on March 31, 2026, through Hanmi Bank.

SBA 7(a) loan, change of ownership, approved Mar 31, 2026

$2,670,000 approvedLender: Hanmi Bank306 months termStatus not reported (SBA exemption)Loan details
Gross approval
$2,670,000
SBA-guaranteed amount
$2,002,500 (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, 6 months (306 months)
Estimated maturity
September 30, 2051 (estimated, approval date plus term)
Estimated monthly payment
$20,039 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 28, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
16
Business type
Corporation
NAICS
811192, Car Washes
Project location
Prince Georges County, MD
SBA district office
Washington District Office
Congressional district
MD-04
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 67% 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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Same industry in Maryland