Xpress Carwash
Xpress Carwash is located in Los Angeles, CA, and the SBA lists its industry as Car Washes. It was approved for an SBA 504 loan ($1,609,000 SBA portion) on December 4, 2024 to finance real estate or equipment.
SBA 504 loan, approved Dec 4, 2024
- SBA (CDC) portion
- $1,609,000
- Bank portion
- $1,570,000
- Estimated project size
- $3,532,222 (estimated)
- Estimated owner equity
- $353,222 (estimated, about 10% of the project)
- Bank lender
- East West Bank, Pasadena, CA
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- December 4, 2049 (estimated, approval date plus term)
- First disbursement
- Feb 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 811192, Car Washes
- Project location
- Los Angeles County, CA
- SBA district office
- Los Angeles District Office
- Congressional district
- CA-37
- Collateral
- Yes
Estimated share of project by source
Bank 44% SBA (CDC) 46% Owner 10%
- Larger than 43% of expansion loans in Car Washes on this site.
- Average expansion loan in Car Washes: $1,994,962.
- Average expansion loan in California: $2,161,468.
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 California
- Bear Car Wash Modesto Inc, Modesto
- O'Dell Holdings Group, Mission Viejo
- Oasis Xpress Car Wash 2 LLC, Dos Palos
- Two Thumbs Up Express Car Wash, Santa Ana
- Mirzakhanian, LLC, Los Angeles
- Splash Brothers Carwash Inc., Castro Valley
- JDS Wash 1 LLC, Merced
- Brea Express Wash, Brea