Main Street Registry

WAC Holdings, LLC

Beaver, PA · Car Washes · NAICS 811192

WAC Holdings, LLC is a car wash business located in Beaver, Pennsylvania, in the Car Washes industry (NAICS 811192). The company was financed with an SBA 7(a) loan for a change of ownership totaling $595,000, approved on August 2, 2024, through The Huntington National Bank.

SBA 7(a) loan, change of ownership, approved Aug 2, 2024

$595,000 approvedLender: The Huntington National Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$595,000
SBA-guaranteed amount
$446,250 (75% of the approval)
Lender
The Huntington National Bank, Columbus, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.75%, fixed
Term
25 years (300 months)
Estimated maturity
August 2, 2049 (estimated, approval date plus term)
Estimated monthly payment
$4,892 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 23, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
811192, Car Washes
Project location
Beaver County, PA
SBA district office
Pittsburgh District Office
Congressional district
PA-17
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 11% 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.

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Same industry in Pennsylvania