Main Street Registry

Back Beach Car Wash

Panama City, FL · Car Washes · NAICS 811192

Back Beach Car Wash is a car wash business located in Panama City, Florida, classified under the car washes industry. The company financed real estate or equipment through an SBA 504 loan of $1,479,000 approved on October 26, 2023, with The Huntington National Bank as the lender and Florida First Capital Finance Corporation, Inc. as the certified development company.

SBA 504 loan, approved Oct 26, 2023

$1,479,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,479,000
Bank portion
$2,329,938
Estimated project size
$4,232,153 (estimated)
Estimated owner equity
$423,215 (estimated, about 10% of the project)
Bank lender
The Huntington National Bank, Columbus, OH
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
October 26, 2048 (estimated, approval date plus term)
First disbursement
May 14, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
811192, Car Washes
Project location
Bay County, FL
SBA district office
North Florida District Office
Congressional district
FL-2
Collateral
Yes

Estimated share of project by source

Bank 55% SBA (CDC) 35% Owner 10%

  • Larger than 33% 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