Turbo Spa Car Wash
Turbo Spa Car Wash is a car wash business in Bismarck, North Dakota, classified under the car washes industry. The company financed real estate or equipment through an SBA 504 loan of $1,517,000 approved on April 4, 2024, with Capital Credit Union as the lender and Dakota Business Lending as the certified development company.
SBA 504 loan, approved Apr 4, 2024
$1,517,000 SBA portionCDC: Dakota Business Lending25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,517,000
- Bank portion
- $2,116,550
- Estimated project size
- $4,037,278 (estimated)
- Estimated owner equity
- $403,728 (estimated, about 10% of the project)
- Bank lender
- Capital Credit Union, Bismarck, ND
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- April 4, 2049 (estimated, approval date plus term)
- First disbursement
- Apr 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Business type
- Corporation
- NAICS
- 811192, Car Washes
- Project location
- Burleigh County, ND
- SBA district office
- North Dakota District Office
- Congressional district
- ND-0
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 35% of expansion loans in Car Washes on this site.
- Average expansion loan in Car Washes: $1,994,962.
- Average expansion loan in North Dakota: $1,912,640.
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.