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Olympus Pines FF Wash 2 LLC

San Antonio, TX · Car Washes · NAICS 811192

Olympus Pines FF Wash 2 LLC, located in San Antonio, Texas, operates in the car washes industry (NAICS 811192) and is a Tommy's Express Car Wash franchise. The company financed real estate or equipment through an SBA 504 loan of $3,102,000 approved on October 8, 2024, with Celtic Bank Corporation as the lender and Capital Certified Development Corporation as the certified development company.

SBA 504 loan, approved Oct 8, 2024

$3,102,000 SBA portionCDC: Capital Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$3,102,000
Bank portion
$4,545,000
Estimated project size
$8,496,667 (estimated)
Estimated owner equity
$849,667 (estimated, about 10% of the project)
Bank lender
Celtic Bank Corporation, Salt Lake City, UT
CDC
Capital Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
October 8, 2049 (estimated, approval date plus term)
First disbursement
Mar 12, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
811192, Car Washes
Franchise
Tommy's Express Car Wash
Project location
Bexar County, TX
SBA district office
San Antonio District Office
Congressional district
TX-21
Collateral
Yes

Estimated share of project by source

Bank 53% SBA (CDC) 37% Owner 10%

  • Larger than 85% of expansion loans in Car Washes on this site.
  • Average expansion loan in Car Washes: $1,994,962.
  • Average expansion loan in Texas: $2,316,979.

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 Texas