Main Street Registry

Pappy's Express Car Wash

Garland, TX · Car Washes · NAICS 811192

Pappy's Express Car Wash, located in Garland, Texas, is a business in the car washes industry (NAICS 811192). It financed real estate or equipment through an SBA 504 loan with an SBA portion of $4,442,000, approved on July 10, 2024, with Celtic Bank Corporation as the lender and Greater East Texas Certified Development Company as the certified development company.

SBA 504 loan, approved Jul 10, 2024

$4,442,000 SBA portionCDC: Greater East Texas Certified Development Company25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$4,442,000
Bank portion
$6,048,929
Estimated project size
$11,656,588 (estimated)
Estimated owner equity
$1,165,659 (estimated, about 10% of the project)
Bank lender
Celtic Bank Corporation, Salt Lake City, UT
CDC
Greater East Texas Certified Development Company
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
July 10, 2049 (estimated, approval date plus term)
First disbursement
Mar 11, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
811192, Car Washes
Project location
Dallas County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-5
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

  • Larger than 94% 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