Car Wash Pro Designers, LTD.
Car Wash Pro Designers, LTD. is a business in Schiller Park, IL, in the commercial and institutional building construction industry (NAICS 236220). The company financed real estate or equipment through an SBA 504 loan of $4,433,000, approved on October 29, 2024, with T Bank, National Association as the lender and SomerCor 504, Inc. as the certified development company.
SBA 504 loan, approved Oct 29, 2024
$4,433,000 SBA portionCDC: SomerCor 504, Inc.25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $4,433,000
- Bank portion
- $6,329,923
- Estimated project size
- $11,958,803 (estimated)
- Estimated owner equity
- $1,195,880 (estimated, about 10% of the project)
- Bank lender
- T Bank, National Association, Dallas, TX
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- October 29, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 236220, Commercial and Institutional Building Construction
- Project location
- Cook County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-5
- Collateral
- Yes
Estimated share of project by source
Bank 53% SBA (CDC) 37% Owner 10%
- Larger than 92% of expansion loans in Commercial and Institutional Building Construction on this site.
- Average expansion loan in Commercial and Institutional Building Construction: $2,227,240.
- Average expansion loan in Illinois: $2,310,827.
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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