Main Street Registry

Wash and Wax Pros LLC

Davie, FL · Car Washes · NAICS 811192

Wash and Wax Pros LLC, located in Davie, Florida, operates in the car washes industry (NAICS 811192). The company financed real estate or equipment through an SBA 504 loan of $1,418,000 (the SBA portion), with Truist Bank as the lender and Florida First Capital Finance Corporation, Inc. as the certified development company, with approval dated April 29, 2024.

SBA 504 loan, approved Apr 29, 2024

$1,418,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,418,000
Bank portion
$1,982,500
Estimated project size
$3,778,333 (estimated)
Estimated owner equity
$377,833 (estimated, about 10% of the project)
Bank lender
Truist Bank, Atlanta, GA
CDC
Florida First Capital Finance Corporation, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
April 29, 2049 (estimated, approval date plus term)
First disbursement
Feb 12, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
Corporation
NAICS
811192, Car Washes
Project location
Broward County, FL
SBA district office
South Florida District Office
Congressional district
FL-23
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

  • Larger than 29% of expansion loans in Car Washes on this site.
  • Average expansion loan in Car Washes: $1,994,962.
  • Average expansion loan in Florida: $2,058,496.

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 Florida