R&M Sunnyside LLC
R&M Sunnyside LLC is a car wash business located in Sunnyside, Washington, classified under the car washes industry. It was financed with an SBA 7(a) loan for a change of ownership in the amount of $1,275,000, approved on December 11, 2023, through Citizens Bank.
SBA 7(a) loan, change of ownership, approved Dec 11, 2023
$1,275,000 approvedLender: Citizens Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,275,000
- SBA-guaranteed amount
- $956,250 (75% of the approval)
- Lender
- Citizens Bank, Elizabethton, TN
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 10.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- December 11, 2048 (estimated, approval date plus term)
- Estimated monthly payment
- $11,811 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 12, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 811192, Car Washes
- Project location
- Yakima County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 42% of acquisition loans in Car Washes on this site.
- Average acquisition loan in Car Washes: $2,047,274.
- Average acquisition loan in Washington: $1,784,595.
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 Washington
- Riptide 7, LLC, Tumwater
- The Wave Car Wash, Inc., University Place
- Evergreen Carwash, Olympia