Paradise Car Wash, LLC
Paradise Car Wash, LLC, located in Stuart, Florida, operates in the car washes industry (NAICS 811192). The business financed real estate or equipment through an SBA 504 loan of $1,658,000, with the SBA portion approved on July 8, 2024, through Evolve Bank and Trust and the Sunshine State Economic Development Corporation.
SBA 504 loan, approved Jul 8, 2024
$1,658,000 SBA portionCDC: Sunshine State Economic Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,658,000
- Bank portion
- $1,617,152
- Estimated project size
- $3,639,058 (estimated)
- Estimated owner equity
- $363,906 (estimated, about 10% of the project)
- Bank lender
- Evolve Bank and Trust, West Memphis, AR
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- July 8, 2049 (estimated, approval date plus term)
- First disbursement
- Oct 16, 2024
- Loan status
- Status not reported (SBA exemption)
- Business type
- Corporation
- NAICS
- 811192, Car Washes
- Project location
- Martin County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-18
- Collateral
- Yes
Estimated share of project by source
Bank 44% SBA (CDC) 46% Owner 10%
- Larger than 46% of expansion loans in Car Washes on this site.
- Average expansion loan in Car Washes: $1,994,962.
- Average expansion loan in Florida: $2,058,496.
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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