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Car Washes: SBA acquisition loans in California
14 SBA-financed business acquisitions in California classified as Car Washes, FY2024–FY2026. Median loan $1.2M. See which lenders did them.
- Acquisitions financed
- 14
- Total approved
- $28.3M
- Median loan
- $1.2M
- Middle half of loans
- $528K to $3.4M
- Median starting rate
- 9.75%
- Median term
- 18 yrs
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Lenders that financed these deals
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Byline Bank | 3 | 21% | $960K | $6.5M |
| 2 | Celtic Bank Corporation | 2 | 14% | $2.8M | $5.5M |
| 3 | Live Oak Banking Company | 2 | 14% | $480K | $960K |
| 4 | Mission Bank | 1 | 7% | $5.0M | $5.0M |
| 5 | EverTrust Bank | 1 | 7% | $3.9M | $3.9M |
| 6 | Harvest Small Business Finance, LLC | 1 | 7% | $2.2M | $2.2M |
| 7 | Grasshopper Bank National Association | 1 | 7% | $1.5M | $1.5M |
| 8 | Ameris Bank | 1 | 7% | $1.5M | $1.5M |
| 9 | Plumas Bank | 1 | 7% | $705K | $705K |
| 10 | Open Bank | 1 | 7% | $600K | $600K |
For comparison, the same industry nationwide: 126 loans, median $1.1M, median starting rate 9.00%. See Car Washes in every state.
Deals by SBA fiscal year
Reading these numbers
The amount shown is the gross loan approval. A loan can cover costs beyond the purchase, and the public file does not disclose the agreed purchase price or the rest of the financing. The loan-size analysis shows how to compare amounts across markets.