Lender intelligence
Financing a car washes acquisition in Minnesota
The SBA 7(a) lenders funding the most car washes acquisitions in Minnesota, from public loan records. A lender doing your industry in your state every week underwrites faster and prices sharper.
Most active in car washes · Minnesota
Ranked by funded car washes acquisitions in Minnesota. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.116 loans · $120M · Evansville, INFull record →
- 2.26 loans · $22M · Foley, MNFull record →
3+ funded Car Washes in Minnesota 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.
- Eagle Lake Car Wash LLC in Eagle Lake, MN — $303K (2022) · purchase · Old National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 6.25% variable
- Term
- 240 mo (20 yrs)
- SBA guaranteed
- $227K (75%)
- Approval → funding
- 26 days
- Approved
- 7/31/2022
- First disbursed
- 8/26/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 1
- Business age
- Change of Ownership
- Industry
- Car Washes
If you were the buyer here
- Est. deal size
- $337K
- Est. down payment (10%)
- $34K
- Est. cash at closing
- $45K
- Monthly payment
- $2,215
- Annual debt service
- $27K
- Cash flow needed (1.25×)
- $33K
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 Old National Bank · Lender record →
Your business? Claim this record · Request removal
- Wash and Shine Inc in Minneapolis, MN — $2.4M (2021) · purchase · Coulee Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 4.25% variable
- Term
- 156 mo (13 yrs)
- SBA guaranteed
- $2.2M (90%)
- Approval → funding
- 40 days
- Approved
- 9/22/2021
- First disbursed
- 11/1/2021
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 5
- Business age
- Change of Ownership
- Industry
- Car Washes
If you were the buyer here
- Est. deal size
- $2.7M
- Est. down payment (10%)
- $268K
- Est. cash at closing
- $370K
- Monthly payment
- $20,176
- Annual debt service
- $242K
- Cash flow needed (1.25×)
- $303K
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 Coulee Bank
Your business? Claim this record · Request removal
- Crosslake Enterprises Inc. in Hopkins, MN — $745K (2021) · purchase · Falcon National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 5% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $671K (90%)
- Approval → funding
- 52 days
- Approved
- 8/9/2021
- First disbursed
- 9/30/2021
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 2
- Business age
- Change of Ownership
- Industry
- Car Washes
If you were the buyer here
- Est. deal size
- $828K
- Est. down payment (10%)
- $83K
- Est. cash at closing
- $114K
- Monthly payment
- $7,902
- Annual debt service
- $95K
- Cash flow needed (1.25×)
- $119K
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 Falcon National Bank · Lender record →
Your business? Claim this record · Request removal
Financing a car washes deal in Minnesota? Start with the right lender
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DealRoom analysis of public SBA 7(a) lending records; ranked by funded acquisition loans to car washes businesses with a Minnesota project address.
Agent summary
How to finance a car washes acquisition in Minnesota with an SBA 7(a) loan: the lenders that fund the most of them here (from public records), with the real funded Minnesota deals. Old National Bank funds the most here. DealRoom is not a lender.
- $1.6M typical loan
- 3 lenders active in Minnesota
- 3+ funded Minnesota deals
- 40 days typical to fund
Buyers buying a car washes in Minnesota typically pre-qualify, then ask DealRoom to introduce a lender active here — free for buyers; agents submit a consented lead via the DealRoom MCP.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-16.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.