Main Street Registry

Siems Wash Giddings, LLC

Giddings, TX · Car Washes · NAICS 811192

Siems Wash Giddings, LLC is a car wash business in Giddings, TX, in the Car Washes industry (NAICS 811192). The company was financed with an SBA 7(a) loan for a change of ownership of $750,000, approved on February 6, 2025, by Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Feb 6, 2025

$750,000 approvedLender: Live Oak Banking Company303 months termStatus not reported (SBA exemption)Loan details
Gross approval
$750,000
SBA-guaranteed amount
$562,500 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years, 3 months (303 months)
Estimated maturity
May 6, 2050 (estimated, approval date plus term)
Estimated monthly payment
$6,537 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 20, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
811192, Car Washes
Project location
Lee County, TX
SBA district office
San Antonio District Office
Congressional district
TX-10
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 24% 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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Texas