Car Wash Feasibility Study in the Nashville-Davidson--Murfreesboro--Franklin, TN Metro Area

Car washes around Nashville, Murfreesboro and Franklin

The Nashville-Davidson--Murfreesboro--Franklin, TN metro shows 25 SBA car wash loans for FY2017 through FY2026, together $54.5 million. The $1.7 million median is 1.81x the typical national car wash loan and the central half runs from $610,300 to $4.6 million. In the metro's own class list car washes come ninth of 39; by area, Nashville is 29 of 458; and the quotient of 1.53x puts car washes ahead of their national share.

Counties and the one holder

Rutherford County leads with 8 of the loans, and Davidson County and Williamson County have 6 each, which shows the loans are spread beyond the metro's namesake county. Celtic Bank Corporation holds 6 loans worth $21.1 million per SBA's records of current holders, and that describes holdings only. The program split and franchise share are not printed. FY2026 is the sole year shown: 0 loans and $0 across a complete fiscal year, while all other years lack the loans to show and are not zero. Because the blanks leave no trend to draw, a borrower should read the totals as the whole of what this record can support.

Why there are no rates

For cancellation and charge-off, Nashville's FY2017 to FY2021 loans fall under 30, and so Loan Analytics' own rule withholds both rates. A borrower should not infer anything about performance from their absence.

Proving volume for a Nashville tunnel

With a $1.7 million median and a central half reaching $4.6 million, a study has to prove volume for a project of this scale. It should test cars per day against traffic counts at the exact site, the split between membership and single washes, competitors within the drive time, water and utility cost, equipment replacement, and debt service coverage with a ramp that starts slowly. Appraisers will value land, building and equipment separately, so the study should provide those splits. Truck washing is folded into the same code, so the figures cannot isolate it from car washes. A loan counts here by its project county. The three counties named above hold most of the 25 loans, so a site outside them would sit apart from the pattern this page shows. The central half begins at $610,300, well under the median, which means smaller projects appear in the record alongside the large ones.