Evergreen Carwash
Evergreen Carwash is a car wash business in Olympia, Washington, classified under the NAICS code 811192 for car washes. The company was financed with an SBA 7(a) loan for a change of ownership of $2.91 million, approved on March 14, 2025 by Woori America Bank.
SBA 7(a) loan, change of ownership, approved Mar 14, 2025
$2,910,000 approvedLender: Woori America Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,910,000
- SBA-guaranteed amount
- $2,182,500 (75% of the approval)
- Lender
- Woori America Bank, New York, NY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- March 14, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $23,432 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 2, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 811192, Car Washes
- Project location
- Thurston County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 74% of acquisition loans in Car Washes on this site.
- Average acquisition loan in Car Washes: $2,047,274.
- Average acquisition loan in Washington: $1,784,595.
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 Washington
- Riptide 7, LLC, Tumwater
- The Wave Car Wash, Inc., University Place
- R&M Sunnyside LLC, Sunnyside