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.