Ultra Carwash LLC
Ultra Carwash LLC is a car wash business in Vincennes, Indiana, operating under NAICS code 811192 (Car Washes). The company was approved for an SBA 504 loan that financed real estate or equipment through an SBA 504 loan, with an SBA portion of $1,095,000 provided through Indiana Statewide Certified Development Corporation and a bank portion from Fifth Third Bank, with approval dated March 27, 2025.
SBA 504 loan, approved Mar 27, 2025
$1,095,000 SBA portionCDC: Indiana Statewide Certified Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,095,000
- Bank portion
- $1,576,500
- Estimated project size
- $2,968,333 (estimated)
- Estimated owner equity
- $296,833 (estimated, about 10% of the project)
- Bank lender
- Fifth Third Bank, Cincinnati, OH
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- March 27, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 811192, Car Washes
- Project location
- Knox County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-8
- Collateral
- Yes
Estimated share of project by source
Bank 53% SBA (CDC) 37% Owner 10%
- Larger than 13% of expansion loans in Car Washes on this site.
- Average expansion loan in Car Washes: $1,994,962.
- Average expansion loan in Indiana: $2,227,963.
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 Indiana
- Dave's Car Wash and Laserwash, Indianapolis
- Shine Time Carwash & Lube Express of Peru, Peru