Main Street Registry

Pine Rock Car Wash Company LLC

Beaumont, TX · Car Washes · NAICS 811192

Pine Rock Car Wash Company LLC is located in Beaumont, Texas, and operates in the car washes industry (NAICS 811192). The business was financed with an SBA 7(a) loan for a change of ownership of $3,212,300, approved on February 23, 2024, by T Bank, National Association.

SBA 7(a) loan, change of ownership, approved Feb 23, 2024

$3,212,300 approvedLender: T Bank, National Association299 months termStatus not reported (SBA exemption)Loan details
Gross approval
$3,212,300
SBA-guaranteed amount
$2,409,225 (75% of the approval)
Lender
T Bank, National Association, Dallas, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
24 years, 11 months (299 months)
Estimated maturity
January 23, 2049 (estimated, approval date plus term)
Estimated monthly payment
$29,780 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 12, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
59
Business type
Corporation
NAICS
811192, Car Washes
Project location
Jefferson County, TX
SBA district office
Houston District Office
Congressional district
TX-14
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 79% of acquisition loans in Car Washes on this site.
  • Average acquisition loan in Car Washes: $2,047,274.
  • Average acquisition loan in Texas: $1,944,682.

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