Cw Investments, LLC
CW Investments, LLC is a car wash business located in Houghton Lake, Michigan, operating under NAICS code 811192 (Car Washes). The company was financed with an SBA 7(a) loan for a change of ownership totaling $578,800, approved on May 12, 2025, through Celtic Bank Corporation.
SBA 7(a) loan, change of ownership, approved May 12, 2025
$578,800 approvedLender: Celtic Bank Corporation304 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $578,800
- SBA-guaranteed amount
- $434,100 (75% of the approval)
- Lender
- Celtic Bank Corporation, Salt Lake City, UT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 25 years, 4 months (304 months)
- Estimated maturity
- September 12, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $5,142 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 811192, Car Washes
- Project location
- Roscommon County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 8% of acquisition loans in Car Washes on this site.
- Average acquisition loan in Car Washes: $2,047,274.
- Average acquisition loan in Michigan: $1,645,728.
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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