Main Street Registry

Sunshine Rose Properties LLC

Lancaster, PA · Car Washes · NAICS 811192

Sunshine Rose Properties LLC is a car wash business located in Lancaster, Pennsylvania, classified under the car washes industry. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $2,760,000, approved on August 26, 2024 by Stearns Bank National Association.

SBA 7(a) loan, change of ownership, approved Aug 26, 2024

$2,760,000 approvedLender: Stearns Bank National Association25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,760,000
SBA-guaranteed amount
$2,070,000 (75% of the approval)
Lender
Stearns Bank National Association, Saint Cloud, MN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
25 years (300 months)
Estimated maturity
August 26, 2049 (estimated, approval date plus term)
Estimated monthly payment
$26,059 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 29, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
811192, Car Washes
Project location
Lancaster County, PA
SBA district office
Philadelphia District Office
Congressional district
PA-11
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 71% of acquisition loans in Car Washes on this site.
  • Average acquisition loan in Car Washes: $2,047,274.
  • Average acquisition loan in Pennsylvania: $1,636,965.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Pennsylvania