Main Street Registry

Glaze Express Car Wash Inc.

Kennesaw, GA · Car Washes · NAICS 811192

Glaze Express Car Wash Inc. is a car wash business in Kennesaw, Georgia, classified under the industry Car Washes (NAICS 811192). The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $4.3 million, approved on August 28, 2024, by Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Aug 28, 2024

$4,303,000 approvedLender: Live Oak Banking Company309 months termStatus not reported (SBA exemption)Loan details
Gross approval
$4,303,000
SBA-guaranteed amount
$3,227,250 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9%, variable
Term
25 years, 9 months (309 months)
Estimated maturity
May 28, 2050 (estimated, approval date plus term)
Estimated monthly payment
$35,833 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 5, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
811192, Car Washes
Project location
Cobb County, GA
SBA district office
Georgia District Office
Congressional district
GA-06
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 86% of acquisition loans in Car Washes on this site.
  • Average acquisition loan in Car Washes: $2,047,274.
  • Average acquisition loan in Georgia: $2,017,638.

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 Georgia