Many car washes are sold using seller financing but these loans are often short term loans that need to be refinanced rather quickly.
Small business loan car wash.
Typically 10 to 20 contact us for specifics how funds are used.
To open a car wash business start by applying for a loan from the small business administration or a bank so you have the 100 000 400 000 usually required to set up a new car wash.
When it s time to move your car wash business forward a u s.
Car wash financing solutions.
A 7a and a 504.
Next apply for all the permits and licenses you need in your state to start a business.
5 000 000 typical car wash loans range from 2 m to 4 m length of loan.
Owning and operating a carwash can be very financially rewarding and profitable.
Typically 20 to 25 years amount down.
In the united states there are approximately 16 000 car wash and detailing establishments that generate 9 billion in yearly revenue.
They offer long repayment terms for lower monthly payments.
How profitable is a car wash.
There are two basic types of sba loans.
Available for ground up construction or existing property.
Mobile businesses that require only trucks instead of a dedicated location like an automatic car wash franchise fall on the lower end.
These business can be a part time.
34 loans 519 535 average loan average interest rate of 8 4.
And lower down payments that makes upfront costs more affordable.
Small business administration consider a small business administration sba loan as an alternate source for funding.
Mortgage financing loans for carwashes are available at terms and interest rates that afford the owner to enjoy a good cash flow and monthly income stream.
The corporation operates a full service family owned car wash and is proud to offer their customers in coachella valley the absolute best of detailing polishing carpet steam cleaning and small business fleet program offerings.
The car wash industry is currently thriving and industry experts continue to forecast strong growth.
Easy qualifying programs available.
Harry a vietnam era veteran established the car wash business in 2003 with his wife.
These car wash loans allow financing up to 90 ltv and offer terms as long as 25 years.
And the majority a whopping 90 of these locations are from small business owners.
In this case the lender not the sba actually makes the loan.
The overwhelming source for car wash loans today is the small business administration s sba loan program.
Those with large equipment and real estate generally fall in the 2 to 3 million range.
Sba 7a includes closing cost construction interest working capital max amount of loan.
Small business administration sba backed loan from wells fargo may be the best for you.
