Due to inclement weather, Bankwell offices will open late today at 10:00am, Thursday December 5th.

Based on expected travel conditions, Bankwell branches will open on a delayed schedule at 10:00 AM EST on February 24. Phone support and operations will open at 8:00 AM EST.
Case highlight

Car Wash

Amount

$1.4 million

Loan Type

SBA 7(a)

Location

Pennsylvania

Project Overview

A newly formed operating entity acquired an established car wash business and completed targeted site and equipment improvements to support long‑term operational efficiency and customer demand. The SBA financing supported the acquisition, the refinancing of existing obligations, and capital investment in upgraded wash equipment and property improvements, while maintaining uninterrupted operations.

Highlights

  • SBA financing enabled a smooth change of ownership for an operating car wash
  • Loan proceeds supported meaningful investment in upgraded wash equipment and site improvements
  • Refinancing improved the borrower’s capital structure and long‑term cash flow profile
  • Flexible SBA structure allowed proceeds to be reallocated as project needs evolved

Community & Impact

  • Preserves an established neighborhood car wash serving a dense urban market
  • Supports local employment and the continued operation of an essential service business
  • Encourages reinvestment in existing commercial infrastructure
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