Main Street Registry

Stow Laserwash LLC

Stow, OH · Car Washes · NAICS 811192

Stow Laserwash LLC is a car wash business in Stow, Ohio, classified under NAICS 811192 (Car Washes). The company financed real estate or equipment through an SBA 504 loan of $1,201,000 approved on October 29, 2024, with Celtic Bank Corporation as the lender and Growth Capital Corp. as the certified development company.

SBA 504 loan, approved Oct 29, 2024

$1,201,000 SBA portionCDC: Growth Capital Corp.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,201,000
Bank portion
$1,460,000
Estimated project size
$2,956,667 (estimated)
Estimated owner equity
$295,667 (estimated, about 10% of the project)
Bank lender
Celtic Bank Corporation, Salt Lake City, UT
CDC
Growth Capital Corp.
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
October 29, 2049 (estimated, approval date plus term)
First disbursement
Feb 12, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
811192, Car Washes
Project location
Summit County, OH
SBA district office
Columbus District Office
Congressional district
OH-13
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 22% of expansion loans in Car Washes on this site.
  • Average expansion loan in Car Washes: $1,994,962.
  • Average expansion loan in Ohio: $2,096,556.

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 Ohio