Closed Transactions / Car Wash - Yakima, WA
- Location
- Yakima, WA
- Interest Rate
- 3.87% (Blended)
- LTV
- 85%
- Loan Amount
- $4,717,500
- Loan Type
- SBA 7(a) and SBA 504 Purchase
- Date
- March 2021
AAI Financial facilitated the closing of 3 loans totaling $4,717,500 for the purchase of two existing car wash locations. We were able to utilize SBA 7(a) for the goodwill and SBA 504 for the real estate and equipment financing. We overcame obstacles of no prior car wash ownership experience and COVID restrictions.
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