Main Street Registry

551 Holdings LLC

Plantation, FL · Car Washes · NAICS 811192

551 Holdings LLC is a car wash business located in Plantation, Florida, classified under the car washes industry (NAICS 811192). The business financed real estate or equipment through an SBA 504 loan with an SBA portion of $1.84 million, with an approval date of December 12, 2023, through First Bank of the Lake and Florida First Capital Finance Corporation, Inc.

SBA 504 loan, approved Dec 12, 2023

$1,840,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,840,000
Bank portion
$3,200,000
Estimated project size
$5,600,000 (estimated)
Estimated owner equity
$560,000 (estimated, about 10% of the project)
Bank lender
First Bank of the Lake, Osage Beach, MO
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
December 12, 2048 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
8
Business type
Corporation
NAICS
811192, Car Washes
Project location
Broward County, FL
SBA district office
South Florida District Office
Congressional district
FL-20
Collateral
Yes

Estimated share of project by source

Bank 57% SBA (CDC) 33% Owner 10%

  • Larger than 51% 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.

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Same industry in Florida