Suds in the Sun Store 2 LLC
Suds in the Sun Store 2 LLC is a car wash business in Lehigh Acres, Florida, under NAICS code 811192 (Car Washes). It was financed with an SBA 7(a) loan for a change of ownership of $1,020,000, approved on June 4, 2025, through Paradise Bank.
SBA 7(a) loan, change of ownership, approved Jun 4, 2025
$1,020,000 approvedLender: Paradise Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,020,000
- SBA-guaranteed amount
- $765,000 (75% of the approval)
- Lender
- Paradise Bank, Boca Raton, FL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- June 4, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $8,560 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 21, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 811192, Car Washes
- Project location
- Lee County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-17
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 31% of acquisition loans in Car Washes on this site.
- Average acquisition loan in Car Washes: $2,047,274.
- Average acquisition loan in Florida: $1,808,559.
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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