Overview
A strong SBA loan package makes it easy for a lender to understand the car wash, verify revenue, and size the loan correctly. Most SBA delays come from missing items, unclear revenue support, or a story that is hard to reconcile. The goal is a clean, simple file that answers the lender’s core questions upfront.
Start with a one-page deal summary
Open with a concise summary that includes the transaction type, purchase price or payoff amount, requested loan amount, down payment source, and a short description of the wash model. Add a few bullets on what makes the deal stable.
Financial support that matters most
- Trailing financial statements that clearly show revenue and expenses over time
- Bank statements that support deposits and reported revenue
- Year-to-date performance with simple explanation of any major changes
- Membership reporting if applicable, including active counts and billing process
Operational information lenders want
Include a short operations overview describing wash type, hours, staffing, payment methods, and equipment condition. If repairs or upgrades are needed, provide a budget and timeline so the lender understands near-term capital needs.
Borrower profile items
SBA lenders evaluate the borrower’s experience, liquidity, and overall capacity. A clear resume-style summary of relevant experience helps, especially for first-time owners. Provide a clean statement of available funds to close and reserves remaining after closing.
Transaction documents and clarity
Provide the purchase agreement or payoff details and ensure allocations, seller financing terms, and included assets are clearly defined. If the deal includes real estate, include property details and expected third-party items such as appraisal timing.
Bottom line
The best SBA loan packages are simple and verifiable. When revenue support is clean, expenses are realistic, and the deal summary is clear, approvals move faster and loan sizing is more predictable.