Southbury Car Clinic, LLC
Southbury Car Clinic, LLC is a car wash business in Southbury, Connecticut, classified under NAICS code 811192. The company was financed with an SBA 7(a) loan for a change of ownership of $2.79 million, approved on May 6, 2026, by Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved May 6, 2026
$2,791,000 approvedLender: Live Oak Banking Company25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,791,000
- SBA-guaranteed amount
- $2,093,250 (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
- 8.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- May 6, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $22,474 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 14, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 40
- Business type
- Corporation
- NAICS
- 811192, Car Washes
- Project location
- Naugatuck Vly County, CT
- SBA district office
- Connecticut District Office
- Congressional district
- CT-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 73% of acquisition loans in Car Washes on this site.
- Average acquisition loan in Car Washes: $2,047,274.
- Average acquisition loan in Connecticut: $1,992,959.
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 Connecticut
- The Car Wash Center Glastonbury LLC, Glastonbury