The Wave Car Wash, Inc.
The Wave Car Wash, Inc. is a car wash business in University Place, WA, in the Car Washes industry (NAICS 811192). It financed real estate or equipment through an SBA 504 loan with an SBA portion of $2,434,000, approved on July 21, 2025, through Timberland Bank with Ameritrust CDC.
SBA 504 loan, approved Jul 21, 2025
$2,434,000 SBA portionCDC: Ameritrust CDC25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $2,434,000
- Bank portion
- $4,201,922
- Estimated project size
- $7,373,247 (estimated)
- Estimated owner equity
- $737,325 (estimated, about 10% of the project)
- Bank lender
- Timberland Bank, Hoquiam, WA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- July 21, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 811192, Car Washes
- Project location
- Pierce County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-6
- Collateral
- Yes
Estimated share of project by source
Bank 57% SBA (CDC) 33% Owner 10%
- Larger than 81% of expansion loans in Car Washes on this site.
- Average expansion loan in Car Washes: $1,994,962.
- Average expansion loan in Washington: $2,234,716.
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 Washington
- Riptide 7, LLC, Tumwater
- Evergreen Carwash, Olympia
- R&M Sunnyside LLC, Sunnyside