Car Wash Feasibility Study in the San Antonio-New Braunfels, TX Metro Area

Car washes in Bexar County

San Antonio-New Braunfels comes in at 25 of 458 on the national list of areas for car wash loans, and the car wash class holds 13 of 39 in San Antonio-New Braunfels. From FY2017 through FY2026, 28 loans were approved for $41.1 million, with 23 in Bexar County. At 1.39x, San Antonio-New Braunfels puts a larger share of SBA lending into car wash loans than the national mix does.

$1.2 million is the median loan here, 1.27x the national figure for car washes, and half of all loans fall from $421,375 to $2.0 million. 7(a) carries 16 loans and 504 carries 12, a balance that gives the 504 route a large share. The franchise share is not shown. For San Antonio-New Braunfels, the figures cover SBA-recorded car wash loans, and a project in San Antonio-New Braunfels should rest on its own evidence more than any ratio here.

Timing and floors

The page prints two years: FY2019 at 6 loans and $5.6 million and FY2021 brings 5 loans and $9.1 million. No lender is listed for this cell. Loan Analytics withholds San Antonio-New Braunfels's both cancellation and charge-off rates given that the San Antonio-New Braunfels FY2017 to FY2021 set of loans includes fewer than 30 loans, and in San Antonio-New Braunfels Loan Analytics' own method bites. A missing rate in San Antonio-New Braunfels does not mean none.

Washes of cars and trucks, mobile units among them, are filed under one code, which puts tunnel, self-serve and mobile washes on a single line. A study should say which format it tests.

A car wash near San Antonio should be tested on access and traffic, then on the daily wash count that pays for land, equipment and staff, with the payment shown on a loan near $1.2 million. Where a plan buys land and builds, the San Antonio-New Braunfels study should say how the appraiser's work treats real estate beside equipment and include a sluggish opening year. The federal delineation draws San Antonio-New Braunfels; so loans from counties San Antonio-New Braunfels cannot match stay excluded from its totals.

Two readings of San Antonio-New Braunfels's numbers

A sizable 504 share and a median above the national one describe sizeable requests; the page does not record if land was bought. Bexar County holds most of the shown loans, so a site in another county of San Antonio-New Braunfels area has fewer precedents. A lender will want to know which wash format a proposal follows, since the code cannot say, and a borrower should state it plainly and support the volume forecast for that format.