Tommy's Express Car Wash
Tommy's Express Car Wash in Eau Claire, Wisconsin operates in the car washes industry (NAICS 811192). The business was financed through an SBA 504 loan, with a SBA portion of $1,891,000 and a total project amount of $2,482,000, approved on December 21, 2023 by Security Financial Bank with WBD, Inc. as the certified development company.
SBA 504 loan, approved Dec 21, 2023
$1,891,000 SBA portionCDC: WBD, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,891,000
- Bank portion
- $2,482,000
- Estimated project size
- $4,858,889 (estimated)
- Estimated owner equity
- $485,889 (estimated, about 10% of the project)
- Bank lender
- Security Financial Bank, Durand, WI
- CDC
- WBD, Inc.
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- December 21, 2048 (estimated, approval date plus term)
- First disbursement
- May 15, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 811192, Car Washes
- Franchise
- Tommy's Express Car Wash
- Project location
- Eau Claire County, WI
- SBA district office
- Wisconsin District Office
- Congressional district
- WI-3
- Collateral
- Yes
Estimated share of project by source
Bank 51% SBA (CDC) 39% Owner 10%
- Larger than 54% of expansion loans in Car Washes on this site.
- Average expansion loan in Car Washes: $1,994,962.
- Average expansion loan in Wisconsin: $2,095,135.
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 Wisconsin
- Ship Shape Car Wash LLC, Eau Claire
- Tommy's Express Car Wash, Plover