Main Street Registry

The Woodlands Auto Spa LLC

The Woodlands, TX · Car Washes · NAICS 811192

The Woodlands Auto Spa LLC is a car wash business located in The Woodlands, Texas, in the Car Washes industry (NAICS 811192). The business was financed with an SBA 7(a) loan for a change of ownership of $2.75 million, approved on January 3, 2024, through lender Readycap Lending, LLC.

SBA 7(a) loan, change of ownership, approved Jan 3, 2024

$2,750,000 approvedLender: Readycap Lending, LLC25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,750,000
SBA-guaranteed amount
$2,062,500 (75% of the approval)
Lender
Readycap Lending, LLC, Berkeley Heights, NJ
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
25 years (300 months)
Estimated maturity
January 3, 2049 (estimated, approval date plus term)
Estimated monthly payment
$24,989 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 11, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
Corporation
NAICS
811192, Car Washes
Project location
Montgomery County, TX
SBA district office
Houston District Office
Congressional district
TX-08
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 70% of acquisition loans in Car Washes on this site.
  • Average acquisition loan in Car Washes: $2,047,274.
  • Average acquisition loan in Texas: $1,944,682.

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 Texas