Main Street Registry

Bonita Gas and Wash LLC

San Dimas, CA · Car Washes · NAICS 811192

Bonita Gas and Wash LLC is a car wash business in San Dimas, California, in the NAICS 811192 industry (Car Washes). The company was financed with an SBA 7(a) loan for a change of ownership of $1,543,000 from Grasshopper Bank National Association, with a 10-year term and approval dated April 17, 2024.

SBA 7(a) loan, change of ownership, approved Apr 17, 2024

$1,543,000 approvedLender: Grasshopper Bank National Association10 years termPaid in fullLoan details
Gross approval
$1,543,000
SBA-guaranteed amount
$1,157,250 (75% of the approval)
Lender
Grasshopper Bank National Association, New York, NY
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
April 17, 2034 (estimated, approval date plus term)
Estimated monthly payment
$19,966 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 9, 2024
Loan status
Paid in full
Jobs supported
12
Business type
Corporation
NAICS
811192, Car Washes
Franchise
TACenergy, LLC (Sinclair) Sinclair Dealer Marketing Agreement
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-27
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 51% of acquisition loans in Car Washes on this site.
  • Average acquisition loan in Car Washes: $2,047,274.
  • Average acquisition loan in California: $1,688,228.

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 California