Community South’s Car Wash Finance Program is a one-stop financing resource available toassist with the purchase, renovation, expansion, construction or refinance of car wash businessesand 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.