Turbo Car Wash, Inc.
Turbo Car Wash, Inc. is a car wash business in Midvale, Utah, classified under NAICS code 811192 (Car Washes). The company was financed with an SBA 7(a) loan for a change of ownership, totaling $1,225,900, approved by America First Federal Credit Union on December 19, 2024.
SBA 7(a) loan, change of ownership, approved Dec 19, 2024
$1,225,900 approvedLender: America First Federal Credit Union25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,225,900
- SBA-guaranteed amount
- $919,425 (75% of the approval)
- Lender
- America First Federal Credit Union, Riverdale, UT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- December 19, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $9,059 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 27, 2025
- Loan status
- Status not reported (SBA exemption)
- Business type
- Corporation
- NAICS
- 811192, Car Washes
- Project location
- Salt Lake County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 38% of acquisition loans in Car Washes on this site.
- Average acquisition loan in Car Washes: $2,047,274.
- Average acquisition loan in Utah: $1,761,092.
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 Utah
- Salt Lake Truck Wash & Detail, LLC, Salt Lake City