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Car Washes: SBA acquisition loans in Texas
20 SBA-financed business acquisitions in Texas classified as Car Washes, FY2024–FY2026. Median loan $2.7M. See which lenders did them.
- Acquisitions financed
- 20
- Total approved
- $55.6M
- Median loan
- $2.7M
- Middle half of loans
- $957K to $4.8M
- Median starting rate
- 9.12%
- Median term
- 25 yrs
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Lenders that financed these deals
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Metro City Bank | 5 | 25% | $4.7M | $22.0M |
| 2 | American Momentum Bank | 2 | 10% | $5.0M | $10.0M |
| 3 | T Bank, National Association | 2 | 10% | $3.0M | $5.9M |
| 4 | Readycap Lending, LLC | 2 | 10% | $2.6M | $5.2M |
| 5 | Celtic Bank Corporation | 2 | 10% | $2.3M | $4.6M |
| 6 | Live Oak Banking Company | 2 | 10% | $505K | $1.0M |
| 7 | Hanmi Bank | 1 | 5% | $5.0M | $5.0M |
| 8 | Encore Bank | 1 | 5% | $1.0M | $1.0M |
| 9 | Open Bank | 1 | 5% | $600K | $600K |
| 10 | Newtek Bank, National Association | 1 | 5% | $175K | $175K |
| 11 | Stearns Bank National Association | 1 | 5% | $150K | $150K |
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.