Main Street Registry

Bubble Island Express Carwash LLC

Beeville, TX · Car Washes · NAICS 811192

Bubble Island Express Carwash LLC is a car wash business in Beeville, Texas, classified under NAICS code 811192 (Car Washes). The business financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,255,000, with Prosperity Bank as the lending bank and North Texas Certified Development Corporation as the certified development company, approved on February 8, 2024.

SBA 504 loan, approved Feb 8, 2024

$1,255,000 SBA portionCDC: North Texas Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,255,000
Bank portion
$1,682,900
Estimated project size
$3,264,333 (estimated)
Estimated owner equity
$326,433 (estimated, about 10% of the project)
Bank lender
Prosperity Bank, El Campo, TX
CDC
North Texas Certified Development Corporation
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
February 8, 2049 (estimated, approval date plus term)
First disbursement
Jun 12, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
811192, Car Washes
Project location
Bee County, TX
SBA district office
San Antonio District Office
Congressional district
TX-34
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

  • Larger than 24% of expansion loans in Car Washes on this site.
  • Average expansion loan in Car Washes: $1,994,962.
  • Average expansion loan in Texas: $2,316,979.

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 Texas