$1.2M CAR WASH ACQUISITION

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PROJECT INFO

$1.2M SBA 7(a) Loan
Acquisition/Renovation
Closed Car Wash
Plano, TX

PROJECT DETAILS

V³ Lending arranged a $1,200,000 SBA 7(a) Loan on an acquisition of a closed down car wash in Plano, TX. The Loan included a renovation budget to completely rebuild the car wash, inventory, and working capital with only a 10% down payment. The buyer's first payment will be in 6 months due to the SBA incentives.

Closed Transaction