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. SBA lenders typically want that injection 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 preferred-lender lists, and those 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.

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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, counted from loans lenders approved rather than projections in 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

The industry codes most often recorded on Tommy's Express Car Wash loans: Car Washes (811192). Each industry page lists the lenders and other brands in the same line of business.

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 franchise unit

Guidant Financial

Funds business and franchise buyers through 401(k) rollovers (ROBS), SBA loans, and portfolio lending, often combining them in one structure. Rollover structures are common among franchise buyers because they can supply the equity injection an SBA loan requires without taking on a second loan to do it.

Check options with Guidant Financial

Approved referral partner. We may be paid when a reader we refer starts an application. It changes nothing about the figures on this page. Those come from the SBA’s federal file.

An SBA 7(a) lender

An SBA 7(a) lender and marketplace for loans up to $500,000, plus bank term loans and custom financing. You apply on their site - we do not take applications and never see your information.

Check options with SmartBiz

We may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.

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. SBA lenders typically want that injection 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 preferred-lender lists, and those 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.

SBA lenders for franchises

Lenders ranked by franchise loans made, with the brands each one financed.

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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