Jay Jala Shine Investments LLC
Jay Jala Shine Investments LLC is a car wash business located in Alpharetta, Georgia, classified under the NAICS industry for car washes. The company was approved for an SBA 504 loan in the amount of $1,027,000, which financed real estate or equipment through an SBA 504 loan, with United Community Banks, Inc. as the lender and an approval date of November 22, 2024.
SBA 504 loan, approved Nov 22, 2024
$1,027,000 SBA portionCDC: Small Business Access Partners, Inc.20 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,027,000
- Bank portion
- $1,000,000
- Estimated project size
- $2,252,222 (estimated)
- Estimated owner equity
- $225,222 (estimated, about 10% of the project)
- Bank lender
- United Community Banks, Inc., Blairsville, GA
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 20 years (240 months)
- Estimated maturity
- November 22, 2044 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 811192, Car Washes
- Project location
- Forsyth County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-6
- Collateral
- Yes
Estimated share of project by source
Bank 44% SBA (CDC) 46% Owner 10%
- Average expansion loan in Car Washes: $1,994,962.
- Average expansion loan in Georgia: $2,201,121.
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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