Lender intelligence
Financing a car washes acquisition in Virginia
The SBA 7(a) lenders funding the most car washes acquisitions in Virginia, from public loan records. A lender doing your industry in your state every week underwrites faster and prices sharper.
Deal economics— what it takes to buy & finance car washes in Virginia
$3.71M
Typical loan
range $340K–$4.12M
$4.13M
Est. purchase price
≈ loan ÷ 90%
$570,333
Cash to close
$412,667 down + fees
$48,058/mo
Typical payment
~9.5% · 10yr
$663,200/yr
Cash flow to qualify
≈ payment × 1.15 DSCR
14 days
Typical time to fund
2
Lenders competing
more = leverage
6.83%
Avg rate on record
cap ~9.75%
Estimates for planning, not an offer — derived from the typical funded loan at today's Prime over 10yr. Not a credit decision.
Most active in car washes · Virginia
Ranked by funded car washes acquisitions in Virginia. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.139 loans · $102M · Los Angeles, CAFull record →
- 2.11 loans · $4M · Forest, VAFull record →
3+ funded Car Washes in Virginia deals
Real SBA 7(a) acquisitions from public records — see who got funded, for how much, and by which lender. Tap any deal for the full record.
- Southside Wash, LLC in Altavista, VA — $340K (2025) · purchase · Select Bank
- Program
- 7a General
- Rate at approval
- 9% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $255K (75%)
- Approval → funding
- 86 days
- Approved
- 12/18/2024
- First disbursed
- 3/14/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 3
- Business age
- Change of Ownership
- Industry
- Car Washes
If you were the buyer here
- Est. deal size
- $378K
- Est. down payment (10%)
- $38K
- Est. cash at closing
- $51K
- Monthly payment
- $2,853
- Annual debt service
- $34K
- Cash flow needed (1.25×)
- $43K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Select Bank · Lender record →
Your business? Claim this record · Request removal
- Jin & Min, LLC in Woodbridge, VA — $4.1M (2023) · purchase · Hanmi Bank
- Program
- 7a General
- Rate at approval
- 7.25% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $3.1M (75%)
- Approval → funding
- 14 days
- Approved
- 11/22/2022
- First disbursed
- 12/6/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 13
- Business age
- Change of Ownership
- Industry
- Car Washes
If you were the buyer here
- Est. deal size
- $4.6M
- Est. down payment (10%)
- $457K
- Est. cash at closing
- $632K
- Monthly payment
- $29,744
- Annual debt service
- $357K
- Cash flow needed (1.25×)
- $446K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Hanmi Bank · Lender record →
Your business? Claim this record · Request removal
- Shine Car Wash, Inc. in Fredericksburg, VA — $3.7M (2022) · purchase · Hanmi Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 4.25% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $2.8M (75%)
- Approval → funding
- 6 days
- Approved
- 3/8/2022
- First disbursed
- 3/14/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 6
- Business age
- Change of Ownership
- Industry
- Car Washes
If you were the buyer here
- Est. deal size
- $4.1M
- Est. down payment (10%)
- $413K
- Est. cash at closing
- $570K
- Monthly payment
- $20,120
- Annual debt service
- $241K
- Cash flow needed (1.25×)
- $302K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Hanmi Bank · Lender record →
Your business? Claim this record · Request removal
Financing a car washes deal in Virginia? Start with the right lender
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CapBench analysis of public SBA 7(a) lending records; ranked by funded acquisition loans to car washes businesses with a Virginia project address.
Agent summary
How to finance a car washes acquisition in Virginia with an SBA 7(a) loan: the lenders that fund the most of them here (from public records), with the real funded Virginia deals. Hanmi Bank funds the most here. CapBench is not a lender.
- $1.6M typical loan
- 2 lenders active in Virginia
- 3+ funded Virginia deals
- 14 days typical to fund
Buyers buying a car washes in Virginia typically pre-qualify, then ask CapBench to introduce a lender active here — free for buyers; agents submit a consented lead via the CapBench MCP.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-18.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
- Methodology:
- Sources & methodology
- Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
- Figures come from public records and CapBench methodology; verify before relying on them.