SBA 504 Car Wash Feasibility Study in Georgia

What Georgia adds to the national car wash picture

Set beside the country, Georgia contributes 56 SBA 504 loans for car wash projects, $66.1 million overall, FY2017 to FY2026. In Georgia the class stands 5 of 39, and Georgia itself ranks 4 among states for car wash. The $1.1 million median is 1.00x of the car wash median nationwide under SBA 504, so Georgia sits close to what car wash tickets show elsewhere. In Georgia, half of car wash loans fall from $844,500 to $1.5 million, and franchising marks 3.6% of Georgia car wash loans.

The car wash holder table and map for Georgia

Florida Business Development Corporation tops the Georgia car wash holder list on 22 loans and $27.4 million; Capital Partners Certified Development Company (13 loans, $16.3 million) is second in Georgia; Small Business Access Partners, Inc. (12 loans, $12.5 million) is third. Georgia names follow SBA's current-holder field. Gwinnett County, 7 loans, Fulton County, 5 loans, Hall County, 4 loans, Carroll County, 3 loans and Forsyth County, 3 loans: those are the leading Georgia car wash places.

Year-by-year volume in Georgia

The Georgia car wash record opens at 3 loans and $2.8 million in FY2017, peaks at 9 loans ($11.2 million) in FY2022, and Georgia closes the series at 1 loan and $2.0 million in FY2026.

Floors for car wash lenders to read

For car wash approvals in Georgia through FY2024, SBA's Georgia records support a cancellation floor of 16.3% and a ceiling of 24.5%. For Georgia car wash loans, no Georgia charge-off rate is shown for car wash funded FY2017 to FY2021: the Georgia cohort is under the threshold, and for car wash that is not zero.

Georgia: what a car wash study has to prove

A car wash loan under SBA 504 finances fixed assets, so the study must justify the site itself: traffic counts and visibility, the competing washes along the same corridor, and whether a tunnel, in-bay or self-serve layout fits the market. Equipment and construction budgets should be read against a $1.1 million median, water and permitting risk addressed, and debt service shown at a conservative volume with a rainy-season case. The appraisal will treat the wash as a special-purpose property, so conservative income support matters.

Georgia washes sharing one code

Every wash type from mobile detailing to truck bays sits under one code, so these Georgia figures hide the underlying format; a study should name it, and weigh the cancellation floor above.