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SBA  Preferred Lender
 
 

 

 

SBA 7a

Community South’s Car Wash Finance Program is a one-stop financing resource available to
assist with the purchase, renovation, expansion, construction or refinance of car wash businesses
and equipment. We offer highly attractive SBA financing packages.

Borrower Benefits
  Long, fully-amortizing repayment terms of up to 25 years
  Frees up cash flow to expand the business
  Low down payment of as little as 20% for acquisitions and start-ups
  100% financing available for refinancing and renovations with sufficient equity in business
  Turn Key Financing packages (construction to permanent financing) available
  Competitive pricing and terms
  Loan amounts available of $150,000 to $7.0 million

Minimum Criteria
  Direct or highly related industry experience (required for full service operators only)
  Acceptable personal credit history
  Proven historical debt service ability for existing and proposed debt

Estimated Timing
  Closing in 45 to 60 days from receipt of a complete underwriting package and signed term sheet
      with deposit check
  Third party reports may delay closing if not ordered and delivered promptly

Pre-Screen
  Pre-screen service available within 24 hours with no charge or obligation by providing
      limited information.

         

Community South Small Business Lending Division Headquarters: 625 S. Gay Street, Suite 450 Knoxville, TN 37902
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Equal Housing Lender 
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