How much do lenders finance for a Tommy's Express Car Wash franchise?

The median SBA loan approved for a Tommy's Express Car Wash franchise is $2,149,500, with the middle 80% of loans between $1,368,000 and $4,998,000. That is the financed portion only - it excludes the buyer's equity injection, which SBA lenders typically require at 10% or more of total project cost for a business acquisition or new franchise unit.

Which lenders finance Tommy's Express Car Wash franchises?

By dollars approved, the most active SBA lenders for Tommy's Express Car Wash have been Celtic Bank Corporation, Florida First Capital Finance Corporation, Inc., Old National Bank, Nebraska Economic Development Corporation. Many franchise brands also maintain their own lists of preferred lenders, which may differ from who has historically approved the most volume.

How long are Tommy's Express Car Wash SBA loans?

The median term is 25 yr. SBA 7(a) terms run up to 10 years for working capital and equipment, and up to 25 years when the loan is secured by real estate - so a longer median usually means the loans included property.

Franchise financing

Financing a Tommy's Express Car Wash franchise

SBA lenders have approved 58 loans against the Tommy's Express Car Wash brand since FY2010, totalling $156.4M. The median approval was $2,149,500. These are loans that actually closed - not projections from a disclosure document.

Rank by loan count

#390

of 1,651 brands

Loans approved

FY2010 onward

Median loan

$2,149,500

Typical range

$1.4M-$5.0M

Middle 80% of loans

Median term

25 yr

Charge-off rate

Cohort too small

Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.

Lenders

Who financed Tommy's Express Car Wash

Lender	Loans	Approved
Celtic Bank Corporation	10	$43.0M
Florida First Capital Finance Corporation, Inc.	8	$14.4M
Old National Bank	3	$13.5M
Nebraska Economic Development Corporation	5	$7.8M
Capital Certified Development Corporation	3	$7.2M
Live Oak Banking Company	2	$5.3M
US Eagle FCU	1	$5.0M
United Business Bank	1	$5.0M

Geography

Where Tommy's Express Car Wash units were financed

State	Loans	Share
Florida	9
Texas	8
Michigan	6
Nebraska	5
California	4
Ohio	3
Wisconsin	3
Georgia	3

Approvals by fiscal year

’18

’19

’20

’21

’22

’23

’24

’25

Loan count by fiscal year - a rough proxy for how fast the brand was opening units. Final bar is a partial year.

Loan sizes

$50K - $150K
2%
$150K - $350K
5%
$350K - $1M
3%
$1M - $2M
33%
Over $2M
57%

Financing a Tommy's Express Car Wash: common questions

How much do lenders finance for a Tommy's Express Car Wash franchise?: The median SBA loan approved for a Tommy's Express Car Wash franchise is $2,149,500, with the middle 80% of loans between $1,368,000 and $4,998,000. That is the financed portion only - it excludes the buyer's equity injection, which SBA lenders typically require at 10% or more of total project cost for a business acquisition or new franchise unit.
Which lenders finance Tommy's Express Car Wash franchises?: By dollars approved, the most active SBA lenders for Tommy's Express Car Wash have been Celtic Bank Corporation, Florida First Capital Finance Corporation, Inc., Old National Bank, Nebraska Economic Development Corporation. Many franchise brands also maintain their own lists of preferred lenders, which may differ from who has historically approved the most volume.
How long are Tommy's Express Car Wash SBA loans?: The median term is 25 yr. SBA 7(a) terms run up to 10 years for working capital and equipment, and up to 25 years when the loan is secured by real estate - so a longer median usually means the loans included property.

Compare other brands

Median loan size and charge-off rate across every franchise in the SBA record.

How SBA 7(a) works

The programme most franchise buyers use, explained end to end.

Buying a franchise with an SBA loan

Equity injection, the franchise directory, and what lenders check.

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