$1.2M CAR WASH ACQUISITION

PROJECT DETAILS

V³ Lending arranged a $1,200,000 SBA 7(a) Loan on an acquisition of a closed down car wash in Plano, TX. The Loan included a renovation budget to completely rebuild the car wash, inventory, and working capital with only a 10% down payment. The buyer's first payment will be in 6 months due to the SBA incentives.