Car Wash Feasibility Study in the Cincinnati, OH-KY-IN Metro Area

Car wash loans in Cincinnati

The Cincinnati, OH-KY-IN car wash record is marked by its spread: the median loan is only 0.34x the national median, while the middle half of loans reaches from $50,000 to $1.3 million. Loans for car washes in Cincinnati, OH-KY-IN number 31, and $24.5 million was approved within FY2017 to FY2026. Cincinnati, OH-KY-IN places 21 of 458 nationally for this class; the class is 13 of 39 locally. Cincinnati lending leans away from car washes, with the location quotient at 0.94x. Cincinnati loan size runs low: $317,000 at the median, 0.34x the national median for car washes.

Between $50,000 and $1.3 million lies the middle half of the Cincinnati loans. A request far above $1.3 million would be among the biggest in Cincinnati. Program mix: 7(a) with 22 loans, 504 with 9. Franchise share stands at 16.1% for car washes. The $317,000 median is the first yardstick. $50,000 to $1.3 million is the usual spread. The study should settle the branding question. Say which program the plan fits. The class combines car washes with truck washes and mobile services, which the data cannot split.

Holders, places and years in Cincinnati

SBA 7(a) loans in Cincinnati are held by The Huntington National Bank (7 loans worth $882,700), as SBA reports. Each name marks a present holder. It says nothing about lender policy. Place by place, Butler County, OH holds 10, Hamilton County, OH holds 8 and Boone County, KY holds 5. The years that print are FY2018 (0 loans, $0), FY2020 (0 loans, $0), FY2021 (6 loans, $4.7 million) and FY2024 (6 loans, $5.2 million). Unlisted years are suppressed. Small Cincinnati counts explain the gaps. Hidden does not mean zero. The Cincinnati years that print are too sparse. Borrowers can use the Cincinnati record as context. Nothing here replaces local market evidence.

Questions a car wash study in Cincinnati must answer

The Cincinnati cancellation and charge-off rates are blank. Its cohort falls under 30 loans. Held back does not mean zero. Each area is a 2023 federal grouping. The project county decides the area. Matching is by county name. Loans without a match drop out. $24.5 million over 31 loans is the Cincinnati backdrop. A study supplies what totals cannot. The feasibility work for a car wash here must examine equipment replacement cost against the $317,000 median; chemical and utility cost; competing washes nearby; traffic count past the site; water use and discharge permits; volume at the planned price; the membership model; membership revenue against the debt; and the value of land and equipment. These figures forecast nothing for car wash borrowers. Every request is judged separately.